6 December 2021

Allen & Gledhill, as transaction counsel, advised ARA Asset Management Limited (“ARA”) on its US$1 billion sustainability-linked loan facilities from DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”), Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”), Malayan Banking Berhad, Singapore Branch, The Bank of East Asia, Limited, Singapore Branch and Crédit Agricole Corporate and Investment Bank.

DBS, OCBC and SMBC were appointed sustainability advisors, and DBS was also appointed facility agent.

This is the first sustainability-linked loan for ARA and one of the largest sustainability-linked loans for real estate asset management companies in Singapore. The facility is also the largest facility to be pegged to the Singapore Overnight Rate Average (SORA).

Advising ARA were Allen & Gledhill Partners Jafe Ng and Ong Kangxin.

More

A&G News 11 September 2025

Allen & Gledhill named FinTech and Digital Assets Firm of the Year at the Asia Legal Awards 2025

Read more

A&G News 25 August 2025

A&G Asia recognised in Lexology Index’s Southeast Asia 2025 guide

Read more