Frasers Property (SG:TQ5) has released an update.
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Frasers Property has secured a substantial S$904 million sustainability-linked loan to refinance existing debts and support general corporate activities, highlighting their commitment to environmental goals. The innovative loan structure offers interest rate reductions if the company meets specific sustainability targets, reflecting Frasers Property’s successful track record in improving their GRESB scores and leading the industry in ESG performance. This move aligns with the company’s strategic push towards net-zero carbon by 2050 and bolsters its portfolio of over S$13 billion in green financing.
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