SGX-listed Halcyon Agri secures $415m green-linked loan
The loan will support a natural rubber processing business.
On the back of its sustainability goals, SGX-listed Halcyon Agri Corporation inked a sustainability-linked facility of up to $415m (US$300m) with the help of financial institutions.
In a statement, the company said the proceeds of its facility will also be fielded for working capital purposes of its natural rubber factories in Asia and other regions.
The firm also refined “three initial Sustainability Performance Targets parameters” to cover the natural rubber processing business in Asia, a platform which serves the tyre majors globally.
This loan was supported by the following financial institutions:
- Sole Coordinating Bank, Sole Sustainability Coordinator and Agent: UOB;
- Active Joint Mandated Lead Arrangers, Underwriters and Bookrunners: China CITIC Bank International Limited and UOB;
- Mandated Lead Arranger, Underwriter and Bookrunner: Bank of Communications Co. Ltd. Singapore Branch; and
- Senior Mandated Lead Arranger: Shanghai Pudong Development Bank Co., Ltd. Singapore Branch.
$1 = US$0.72