DBS Hong Kong announces HK$350m green loan with Kwoon Chung Bus

This is the bank’s second SLL loan with the company.

DBS Bank (Hong Kong) has finalised an HK$350m sustainability-linked loan (SLL) with a five-year tenor with Kwoon Chung Bus Holdings.

This marks DBS’ second SLL with Kwoon Chung Bus, with its first being in 2021.

Kwoon Chung Bus plans to use the proceeds to adopt more environmentally friendly Euro VI diesel commercial vehicles (DCVs) within the company's fleet over the next five years.

Kwoon Chung Bus aims to reduce 9% of its greenhouse gas emission intensity by 2025, and by 27% in 2028 against the 2023 baseline. 

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DBS Hong Kong served as the loan’s mandated lead arranger (MLA) and SLL ESG advisor and liaised the target intensity levels and standards of Kwoon Chung Bus. 

DBS Hong Kong also obtained a second party opinion from the Hong Kong Quality Assurance Agency (HKQAA) in evaluating Kwoon Chung Bus.

This marks DBS’ second SLL with Kwoon Chung Bus, with its first being in 2021. DBS also served as the green advisor of Kwoon Chung Bus on this SLL during its three-year tenor.