Keppel Land secures maiden $150m sustainability-linked loan from DBS

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Interest rates for the loan were reduced based on Keppel Land’s ongoing environmental, social and governance targets. Keppel Land secured its maiden sustainability-linked loan of a five-year $150m with DBS Bank. In a statement, DBS said the loan incorporates interest rate reductions based on pre-determined environmental, social and governance (ESG) targets. The interest rate for the loan is composed of a compounded daily Singapore Overnight Rate Average (SORA) and an applicable margin. read more