CDL secures $300m sustainability-linked loan from DBS

The facility will support nature-based urban development solutions.

City Developments Limited has secured a $300m multi-currency sustainability-linked loan from DBS Bank to support nature-based urban development solutions.

The facility will be used for general corporate funding and working capital purposes, including asset redevelopment and sustainability initiatives.

The loan includes sustainability performance targets covering urban farming, biodiversity conservation, circularity solutions, and water efficiency.

These targets include scaling urban farming initiatives, establishing or expanding microforests with mainly native species, enhancing stakeholder engagement on climate and nature, adopting circular materials in CDL’s developments, and improving water efficiency.

The latest facility marks the second sustainability-linked loan partnership between CDL and DBS, following their TNFD targets-aligned sustainability-linked loan in 2024.

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