Capitaland India Trust (SG:CY6U) has released an update.
CapitaLand India Trust has secured a S$150 million sustainability-linked loan from DBS Bank Ltd, with terms that include specific ownership and managerial clauses that, if breached, could lead to mandatory prepayment or default. These conditions are tied to the ownership stake of CapitaLand Investment Limited and the managerial role of CLINTMPL. As of the announcement date, none of the conditions that could trigger a default have occurred.
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