SGX-listed Halcyon Agri secures $415m green-linked loan
The loan will support a natural rubber processing business.
On the back of its sustainability goals, SGX-listed Halcyon Agri Corporation inked a sustainability-linked facility of up to $415m (US$300m) with the help of financial institutions.
In a statement, the company said the proceeds of its facility will also be fielded for working capital purposes of its natural rubber factories in Asia and other regions.
READ MORE: Halcyon Agri's gross profit jumps 20.8% YoY to $64.7m in Q1
The firm also refined “three initial Sustainability Performance Targets parameters” to cover the natural rubber processing business in Asia, a platform which serves the tyre majors globally.
This loan was supported by the following financial institutions:
- Sole Coordinating Bank, Sole Sustainability Coordinator and Agent: UOB;
- Active Joint Mandated Lead Arrangers, Underwriters and Bookrunners: China CITIC Bank International Limited and UOB;
- Mandated Lead Arranger, Underwriter and Bookrunner: Bank of Communications Co. Ltd. Singapore Branch; and
- Senior Mandated Lead Arranger: Shanghai Pudong Development Bank Co., Ltd. Singapore Branch.
$1 = US$0.72