CapitaLand obtains $353m sustainability-linked bilateral loan — largest in Singapore’s real estate sector

CapitaLand has obtained a S$500 million ($353 million) sustainability-linked loan from United Overseas Bank (UOB), in tandem with the firm’s release of its 11th Global Sustainability Report, which reports its sustainability performance in financial year 2019.

The loan is the largest sustainability-linked bilateral loan in Singapore’s real estate sector. In total, CapitaLand and its REITs have raised more than S$2.42 billion ($1.71 billion) in less than two years, through sustainable financing instruments, reinforcing the group’s commitment towards responsible growth.

Andrew Lim, group CFO of CapitaLand Group, said, “Integrating CapitaLand’s ESG performance with our financial metrics demonstrates the group’s long-term focus on sustainability and responsible growth. CapitaLand continues to step up our ESG efforts and sustainable finance, as they have delivered tangible returns for the group. Through the sustainability-linked loans, CapitaLand has been able t