Mapletree Logistics Trusts gains $200m sustainability loan for credit facility
This is the first time a Singapore REIT has ventured into sustainable investing.
Mapletree Logistics Trust (MLT) has secured a $200m sustainability-linked loan from OCBC Bank for a six-year revolving credit facility, according to a press release.
This is said to mark the first time a Singapore-listed REIT has ventured into sustainable investing.
This facility is designed with reference to MLT’s rooftop solar installation programme for its logistics properties in Asia Pacific. The REIT will also be eligible for a discount on the interest rate charged on the loan if the target is met.
MLT’s rooftop solar installations include six facilities in Japan and one in Singapore with a total capacity of 6.3 MW peak, in addition to other installations in Australia and China.