Source: Media Outreach
HONG KONG SAR – Media OutReach – 2 February 2021 – Henderson Sunlight Asset Management Limited (the “Manager”) and DBS Hong Kong jointly announce that Sunlight Real Estate Investment Trust (“Sunlight REIT”) has secured a HK$500 million sustainability-linked loan today.
This sustainability-linked loan is unsecured and has a tenure of five years. DBS Hong Kong will offer interest margin privileges based on satisfaction of predetermined sustainability performance targets relating to environmental and social aspects. The proceeds of the loan will be used for general working capital.
Mr Alex Cheung, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “At DBS, we believe we can play a significant role in sustainability by financing change and changemakers. We are proud to partner with Sunlight REIT on its sustainability journey, and are committed to supporting our customers in advancing their business sustainability goals.”
Mr Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, “Sunlight REIT has recently re-crafted its sustainability strategy framework, of which sustainability finance is ranked at the forefront of our priority list. The socioeconomic impacts arising from the COVID-19 outbreak demonstrates the importance of addressing environmental, social and governance factors. As the manager of Sunlight REIT, we are delighted to partner with DBS Hong Kong on this financing arrangement, which would surely help to reinforce the sustainable position of Sunlight REIT for the benefit of its stakeholders.”
DBS is a signatory to the United Nations Global Compact and is committed to driving progress towards the United Nations Sustainable Development Goals in ways that are meaningful to its businesses. This includes acting on climate change by partnering with corporates in adopting responsible financing practices. Since 2018, DBS has concluded over 100 sustainable financing deals amounting to about SG$17.5 billion.
– Published and distributed with permission of Media-Outreach.com.