Mapletree Investments clinch $316.7m sustainability loan from OCBC

This is Mapletree Group’s fourth sustainable finance transaction with the bank.

Mapletree Treasury Services, the wholly-owned subsidiary of Mapletree Investments, has secured its inaugural sustainability-linked loan of about $316.7m (€200m) from OCBC Bank, the company announced in a press release.

The loan will be used for general working capital and corporate funding purposes, said Mapletree.

Should the pre-set ESG targets be met the interest rate will be reduced on a tiered basis. Mapletree will report its actual ESG performance on an annual basis.

This is Mapletree Group’s fourth sustainable finance transaction with the bank.