Singapore’s UOL raises $120m green loan

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By Pan Yue
29 Jul 2020

Singaporean property company UOL Group has raised a $120m green loan that will help fund the transformation of one of its hotels into a green building.

United Overseas Bank has provided the financing, which carries a tenor of three years. The loan will be used to finance the redevelopment of Pan Pacific Orchard, a 23-storey hotel with 347 rooms.

The company will attempt to make its rooms more eco-friendly and also build three ...

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