Sunlight Real Estate Investment Trust secures its Sustainability-linked Loan of HK$500 million from DBS Hong Kong

HONG KONG
SAR – Media
OutReach – 2 February 2021 – Henderson Sunlight
Asset Management Limited (the “Manager“) and DBS Hong Kong jointly announce
that Sunlight Real Estate Investment Trust (“Sunlight REIT“) has secured
a HK$500 million sustainability-linked loan today.

 

This
sustainability-linked loan is unsecured and has a tenure of five years. DBS
Hong Kong will offer interest margin privileges based on satisfaction of
predetermined sustainability performance targets relating to environmental and
social aspects. The proceeds of the loan will be used for general working
capital.

 

Mr Alex Cheung,
Managing Director and Head of Institutional Banking Group of DBS Hong Kong,
said, “At DBS, we believe we can play a significant role in sustainability by
financing change and changemakers. We are proud to partner with Sunlight REIT
on its sustainability journey, and are committed to supporting our customers in
advancing their business sustainability goals.”

 

Mr Wu Shiu Kee, Keith,
Chief Executive Officer of the Manager, said, “Sunlight REIT has recently
re-crafted its sustainability strategy framework, of which sustainability
finance is ranked at the forefront of our priority list. The socioeconomic
impacts arising from the COVID-19 outbreak demonstrates the importance of
addressing environmental, social and governance factors. As the manager of
Sunlight REIT, we are delighted to partner with DBS Hong Kong on this financing
arrangement, which would surely help to reinforce the sustainable position of
Sunlight REIT for the benefit of its stakeholders.” 

 

DBS is a signatory to
the United Nations Global Compact and is committed to driving progress towards
the United Nations Sustainable Development Goals in ways that are meaningful to
its businesses. This includes acting on climate change by partnering with
corporates in adopting responsible financing practices. Since 2018, DBS has
concluded over 100 sustainable financing deals amounting to about SG$17.5
billion.