, Singapore

FCOT secures $100m sustainability-linked loan

It has a price reduction feature with interest cost savings from the second year onwards.

British and Malayan Trustee, a trustee of Frasers Commercial Trust (FCOT), has secured a $100m five-year term loan to refinance existing borrowings, an announcement revealed.

The sustainability-linked loan has a price reduction feature with interest cost savings from the second year onwards, subject to FCOT maintaining a Global Real Estate Sustainability Benchmark (GRESB) rating of not lower than four stars.

FCOT participated in the GRESB Real Estate assessment for the first time in 2019, ranking third amongst its Asia Pacific peer group.

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