CapitaLand Mall Trust bags $200m maiden green loan

Proceeds will be used to finance its BCA Green Mark certified properties.

CapitaLand Mall Trust (CMT) has secured a five-year $200m green loan from OCBC Bank in its first foray into green financing, its manager announced.

All proceeds raised will be used to finance or refinance properties within its portfolio that have achieved BCA Green Mark certification.

Also read: CapitaLand tops Global Real Estate Sustainability Benchmark 2019

Its manager, CapitaLand Mall Trust Management Limited (CMTML) has also established a Green Loan Framework guided by the Green Loan Principles from the Loan Market Association and the Asia Pacific Loan Market Association.

As of August, 14 of CMT’s 15 properties have been certified BCA Green Mark Gold and above. CMT expressed plans to achieve BCA Green Mark certification for all of its operational properties by 2020.