DBS grants A$295m green loan to GIC

It is DBS’s first AUD-denominated green loan.

Australian wealth fund GIC was granted a A$295m ($284m) green loan from DBS, to be used for the refinancing of Chifley Tower Sydney.

The loan extended by DBS is the bank’s first AUD-denominated green loan.

It is also one of the largest green loans extended by a Singapore lender in the Australian market.

“Australia is ranked by the Global Real Estate Sustainability Benchmark as one of the greenest real estate markets in the world, and we see a lot of promise for DBS to support property players looking to raise sustainable financing to fund their continued investment in Australia,” Chew Chong Lim, head of Real Estate, Institutional Banking, at DBS, said.

Follow the links for more news on

DBS

green finance

green loan

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!

I want to download the media kit

Top News

APAC payments gateway market to rise 30% as cashless economy expands

The market is expected to grow by over 11% between 2023-2027.

Banking Technology

14 hours ago

Trading platform Banxso secures Australian license

It will offer real-time data, analytics tools, and educational resources.

Banking Technology

14 hours ago

Payment firm Nium now a registered financial service provider in New Zealand

It plans to offer virtual accounts, and debit and prepaid cards, amongst other services.

Markets

14 hours ago

Bangkok Bank bookmarked $1.09b in cash for Songkran 2024

The cash was expected to have served over 8,000 ATMs and branches.

Cards & Payments

14 hours ago

Exclusives

Banks grapple through era of disruption by being the disruptor

Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.

Retail Banking

4 days ago

Empathy deficit erodes customers’ trust in banks

Customers who feel valued are willing to spend more for banking products.

Banking Technology

What Makes BNI's API Service Stand Out in the Open Banking Era?

Until December 2023, the bank's application programming interface attracted 4,000 customers and generated transactions worth IDR 828 trillion in the past year.

BPI Private Wealth aims to double assets and capture 25% local HNW market