GuocoLand bags $1.24b green facilities from DBS and OCBC

The green facilities will refinance Guoco Midtown and Midtown Bay.

GuocoLand has secured two green facilities from DBS and OCBC, which were raised under its Green Finance Framework.

The $1.135b green facility from DBS will be used to refinance GuocoLand’s latest integrated mixed development, Guoco Midtown, whilst the $105m green facility will be used to refinance its luxury residential development, Midtown Bay.

The new green facilities bring the total amount of green financing secured by GuocoLand to approximately $5b, including green facilities for Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the Upper Thomson Road development.

“We are pleased to once again partner with DBS and OCBC for our funding and to further our sustainability aspirations. This latest refinancing activity allows us to optimise our capital structure while staying true to our commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors,” Andrew Chew, group CFO of GuocoLand said.

Follow the link for more news on

GuocoLand

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia