Link Asset Management, the manager of Link Real Estate Investment Trust (0823), has received a five-year sustainability-linked loan of HK$1 billion from OCBC Bank. This marks Link REIT’s first sustainability-linked loan transaction in Hong Kong dollars. OCBC Bank will offer reductions in the interest rate on a tiered basis subject to Link’s environmental, social, and governance performance, which will be measured by its continued inclusion in leading global sustainability indices as well as improvements in its Global Real Estate Sustainability Benchmark score. Proceeds of the loan will be used for general working capital and corporate funding purposes, said Link REIT.

Source: The Standard June 11, 2020 10:57 UTC