US$150 million offshore green loan facilities to Shining Pearl Investments Limited

A&G News 19 September 2022

Allen & Gledhill, as transaction counsel, advised CIMB Bank Berhad, Singapore Branch (“CIMB”) and Shanghai Pudong Development Bank, Singapore Branch (“SPD Bank”), on the US$150 million term and revolving green loan facilities granted to Shining Pearl Investments Limited (“Shining Pearl Investments”), as part of an offshore-onshore linked financing.

The proceeds of the were used to, among others, refinance existing borrowings and to finance Shining Pearl Investments’ general and working capital purposes in relation to real estate located in Shanghai’s central business district.

Advising CIMB and SPD Bank was Allen & Gledhill Partner Kok Chee Wai.