Frasers Property secures 5-year SLL financing for Australian business
The SLL is worth $311.2m (A$340m) and $100.4m (US$75m).
Frasers Property acquired a sustainability-linked loan worth $311.2m (A$340m) and $100.4m ($75m) for its Australian business with price reductions structure.
In a statement, the Reit said one of the key features of the SLL is a “price reduction structure that provides interest rate savings from Year 2 of Frasers Property AHL Limited, a subsidiary of Frasers Property Australia.”
It is the first business unit to achieve full SLL financing, which highlights the firm’s goals for sustainability that it announced in January 2021.
Loo Choo Leong, Group Chief Financial Officer of Frasers Property, said the SLL is a step for the company's net-zero carbon journey.
$1 = US$0.75