S$400 million Taskforce on Nature-related Financial Disclosures targets-aligned sustainability-linked revolving credit facility to City Developments Limited
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”) on the S$400 million Taskforce on Nature-related Financial Disclosures (“TNFD”) targets-aligned sustainability-linked revolving credit facility to City Developments Limited (“CDL”).
This is a first-of-its-kind transaction with criteria guided by targets set by CDL in its adoption of TNFD disclosures and is designed to incentivise CDL’s ongoing efforts to achieve significant environmental, social and governance milestones.
Advising DBS was Allen & Gledhill Partner Daselin Ang.
