The loan is a first for MLT.
Logistic space provider Mapletree Logistics Trust has secured a $200m green revolving credit facility from OCBC Bank. The company will use the money to finance the working capital requirements in line with the eligibility criteria of MLT’s newly established Green Loan Framework.
OCBC is the green loan advisor and sole lender for this Green Loan.
This is not the first time that MLT has worked with OCBC for sustainable finance. In November 2019, the MLT through OCBC secured a $200m sustainability-linked loan that was designed to incentivise MLT to expand the renewable energy generation capacity for its portfolio.