,APAC

HSBC, Temasek partner to fund sustainable infrastructure projects in Asia

The two hope to dispense over US$1b of loans over the next five years.

HSBC and Temasek have teamed up to establish a debt financing platform to develop sustainable infrastructure projects with an initial focus on Southeast Asia. 

The two will invest up to a combined US$150m of equity to fund loans, working alongside the platform’s other partners, the Asian Development Bank (ADB) and Clifford Capital Holdings (CCH). 

HSBC and Temasek’s platform aims to dispense over US$1b of loans over the next five years in order to build a pipeline of projects to scale.

A meaningful portion of the platform’s loan portfolio will reportedly target marginally bankable, sustainable infrastructure projects, offering project development expertise, technical assistance and finance solutions.  

In particular, the platform seeks to invest in clean transport, renewable energy and energy storage, and water and waste management, according to a separate announcement by the ADB. They are also open to including additional areas, such as climate adaptation, agriculture and land use, and technology-led solutions in the future.

The platform aims to catalyse significant capital flows to the sustainable infrastructure space, deploying blended finance at scale over time to unlock more marginally bankable projects and create a tradable asset class, crowding in private and institutional investors.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Banks should have enough buffers and find climate transition risks manageable.
The products are now available at Eccellente by HAO Market in Singapore.
Institutional clients may accelerate time-to-market financial applications.
This was thanks to a rise in loans made to the service sector during the period.
Discussions between the two banks are at the preliminary stage.
But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.
Uncertainty over Omicron's impact may drive this slowdown.
Only 2 in 10 Singapore micro-multinationals think banks offer value for money.
The Internet boom has pushed 9 out of 10 digital merchants to accept digital payments.
It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.
The move is part of the BSP’s Digital Payments Transformation Roadmap.
Internet economy in SEA has propelled digital payments further.
The market is expected to top $83.2b in four years’ time.
The 3.26% interest rate average is its highest since November 2018.