Soilbuild REIT secures maiden $80m green loan

The loan will finance its Solaris@one-north project.

SGX-listed Solidbuild Business Space REIT has obtained an Australian dollar equivalent green loan of $80m from OCBC and RHB, according to a news release.

The green loan was raised under Solidbuild’s Green Finance Framework, which was developed with OCBC as a green loan adviser. It was prepared in accordance with the relevant international principles and guidelines, including the Green Loan Principles.

The proceeds will refinance its Solaris@one-north project, a business space complex that is part of the Fusionopolis cluster in the country.

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