Approximately S$730 million green loan facilities to MTG Apartments Pte. Ltd. and MTG Retail Pte. Ltd.

A&G News 1 June 2020

DBS Bank Ltd. (“DBS”), Industrial and Commercial Bank of China, Singapore Branch (“ICBC”) and Oversea-Chinese Banking Corporation Limited (“OCBC”) had on 6 December 2019 made available green loan facilities in an aggregate amount of approximately S$730 million. The borrowers are joint ventures between GuocoLand (Singapore) Pte. Ltd., Hong Leong Holdings Limited and Hong Realty (Private) Limited.

The green loan facilities were structured by DBS and OCBC as green loan coordinators and OCBC as green financing advisor, and were granted to finance the acquisition and development of a Government Land Sales site in Tan Queen Lan Street, Singapore.

Advising DBS, ICBC and OCBC was Allen & Gledhill Partner Aloysius Ng.