CapitaLand has obtained a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is the largest in Singapore’s real estate sector.

The four-year $500 million loan is CapitaLand’s fifth sustainability-linked loan, which is the highest number of such loans by a real estate company in Singapore.

In total, CapitaLand and its real estate investment trusts (REITs) have raised over $2.42 billion – through sustainable financing instruments – in less than two years, which reinforces the group’s commitment towards responsible growth.

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The Edge