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.

READ MORE: Halcyon Agri's gross profit jumps 20.8% YoY to $64.7m  in Q1 

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