, Singapore
304 views

DBS grants A$295m green loan to GIC

It is DBS’s first AUD-denominated green loan.

Australian wealth fund GIC was granted a A$295m ($284m) green loan from DBS, to be used for the refinancing of Chifley Tower Sydney.
 
The loan extended by DBS is the bank’s first AUD-denominated green loan.

It is also one of the largest green loans extended by a Singapore lender in the Australian market.

“Australia is ranked by the Global Real Estate Sustainability Benchmark as one of the greenest real estate markets in the world, and we see a lot of promise for DBS to support property players looking to raise sustainable financing to fund their continued investment in Australia,” Chew Chong Lim, head of Real Estate, Institutional Banking, at DBS, said. 

READ MORE: DBS named APAC’s top green, sustainability-linked mandated lead arranger 2021

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!