Bosideng bags US$35m sustainability-linked loan from DBS Hong Kong
This marks the largest sustainability-linked loan in Asia.
Chinese down apparel retailer Bosideng bagged a US$35m ($274.6m) sustainability-linked loan from DBS Hong Kong.
According to DBS Hong Kong, the loan issued to Bosideng was the largest of its kind in Asia.
DBS Hong Kong said its loan will provide working capital for the ongoing operations of Bosideng, "subject to the fulfilment of responsible procurement KPIs during the one-year tenor."
Under the loan agreement, Bosideng will have to obtain a Responsible Down Standard (RDS) certification for at least 95% of its down apparel.
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