Banks gear up for more green loans action

green bond px230
By Pan Yue
20 Sep 2018

Frasers Property has sealed the first secured green loan from Singapore and southeast Asia, raising S$1.2bn ($876m). Bankers say this is only the beginning as borrowers in Asia slowly but steadily make the environment and sustainability their top priorities, writes Pan Yue.

Property developer Frasers’ five year deal, co-ordinated by BNP Paribas and ING, attracted four other participants: DBS, which was also the security agent, Maybank, Oversea-Chinese Banking Corp and United Overseas Bank (also the facility agent).

Unlike sustainable loans, where the margin can be reduced if the company ...

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