/Frasers Property

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 =A$1.09

$1 = US$0.75

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.