News
FINANCIAL SERVICES | Staff Reporter, Hong Kong
view(s)

Sunlight REIT clinches $500m sustainability loan

The unsecured loan has a five-year tenure.

Sunlight REIT has secured a $500m sustainability-linked loan, REIT manager Henderson Sunlight Asset Management and DBS Hong Kong announced in a joint statement.

With a tenure of five years, the loan is unsecured and will be utilised as a general working capital. “DBS Hong Kong will offer interest margin privileges based on satisfaction of predetermined sustainability performance targets relating to environmental and social aspects,” the statement read.

“Sunlight REIT has recently recrafted its sustainability strategy framework, of which sustainability finance is ranked at the forefront of our priority list,” Wu Shiu Kee, CEO of the REIT manager, commented. “The socioeconomic impacts arising from the COVID-19 outbreak demonstrates the importance of addressing environmental, social and governance factors.”

DBS has been partnering with corporate firms in adopting responsible financing practices as a signatory to the United Nations Global Compact. Since 2018, the bank has closed more than 100 sustainable financing deals.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.