S$670 million green loan facilities to DBS Trustee Limited (in its capacity as trustee of Mapletree Commercial Trust)

A&G News 18 November 2019

Allen and Gledhill advised Bank of China Limited, Singapore Branch (“BOC”), Citibank N.A., Singapore Branch (“Citibank”), DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) (collectively the “Banks”), as transaction counsel, on the S$670 million green loan facilities (“Facilities”) to DBS Trustee Limited, in its capacity as trustee of Mapletree Commercial Trust.

The Facilities is to part finance, inter alia, the acquisition of Mapletree Business City (Phase 2) (“MBC II”).

DBS and OCBC were appointed green loan coordinators (“Green Loan Coordinators”) to the Facilities.

MBC II was completed in 2016 and has been designed with environmentally friendly features and has been certified BCA Green Mark Platinum, BCA Universal Design Mark Platinum Award and LEED® Gold.

Advising the Banks, and DBS and OCBC as Green Loan Coordinators was Allen & Gledhill Partner Lim Wei Ting.