Latest news with #GreenLoanPrinciples
Business Times
17 hours ago
- Business
- Business Times
Hong Leong-led consortium secures S$692 million green loan from DBS, OCBC for Tengah's first private mixed-use project
[SINGAPORE] A consortium led by Hong Leong Holdings has secured a S$692 million green loan to finance the development of Tengah's first nature-centric private mixed-use residential project. DBS , the anchor lender and sole green advisor for the deal, will contribute S$484 million to the green loan, the bank said on Tuesday (Jun 3). OCBC will provide the remaining S$208 million. Structured in line with internationally recognised Green Loan Principles, the financing will support the consortium's investments in green infrastructure and ecological integration. The consortium includes joint venture partners GuocoLand and CSC Land Group. Chew Chong Lim, DBS' group head of real estate and shipping, aviation, logistics and transportation, institutional banking, noted that climate change is accelerating, and changing the way residents live, work and play. 'In this evolving landscape, integrating nature into urban development is of growing importance to build more sustainable and resilient townships where people can thrive and enjoy nature,' he said. The project is located on a 25,458.4-square-metre site at Tengah Garden Avenue. It can potentially yield around 860 homes with integrated retail amenities, and is slated for launch in 2026. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up It will feature biodiversity-friendly design, native landscaping, and smart construction technologies to enhance ecological integration, reduce environmental impact and support sustainable urban living. Hong Leong Holdings' general manager for projects, Loke Kee Yeu, said the group aims to anchor an eco-conscious private housing community in Tengah while embedding responsible green practices in line with the shift towards a low-carbon economy. The project aligns with national plans to develop Tengah – Singapore's first new Housing Board town since Punggol more than 20 years ago – as an eco-friendly, car-lite 'forest' town When fully developed, Tengah is expected to offer about 42,000 homes set within a 100 metre-wide and five kilometre-long forest corridor.
Yahoo
4 days ago
- Business
- Yahoo
Helrom secures $44m green loan to boost sustainable rail freight
Helrom, a German rail freight transportation and technology company, has finalised a €32.9m ($44.3m) green loan facility with Societe Generale and DAL Deutsche Anlagen-Leasing to support its growth and market development. The financing, provided on a 50/50 basis by Deutsche Leasing Finance and Societe Generale, reinforces Helrom's role in decarbonising rail freight supply chains. This deal follows a similar €34.5m ($46.4m) loan agreement in June 2023, also split equally between Deutsche Leasing Finance and Societe Generale, with identical structuring and terms. The new funding will enable Helrom to acquire approximately 120 trailer wagons, expanding its transportation capacity. Furthermore, this investment aligns with the company's goal of achieving net-zero transportation and advancing its environmental, social, and governance (ESG) principles. DAL Deutsche Anlagen-Leasing transportation and logistics head Gerald Wiencke said: 'By providing this tailored financing solution in partnership with Deutsche Leasing Finance and Societe Generale, we are continuing our successful collaboration with Helrom and supporting them in pursuing their next phase of growth. 'This transaction reflects our strategic objective of enabling the transition to low-emission logistics, and we are pleased to assist companies like Helrom in decarbonising supply chains through structured, long-term financing solutions.' Secured under favourable terms in a challenging market, the seven-year asset-based finance facility serves as a platform for Helrom's future financing initiatives. The loan adheres to the Loan Market Association's standards and 'Green Loan Principles'. Helrom CFO Dr Matthias Herrmann said: 'We are delighted to have agreed another debt financing with our two great financing partners Societe Generale and DAL. 'We are particularly proud that we were able to present this loan as first green loan for Helrom. This loan will finance our Helrom trailer wagons for the next six trains.' Helrom operates rail freight connections for truck semitrailers between Germany, Austria, Hungary, and Italy through its HELROM Trailer Rail service, contributing to CO2-neutral freight transport. "Helrom secures $44m green loan to boost sustainable rail freight" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
Finance ministry wins Mideast 'Deal of the Year' award for $2.5 bn green bond issuance
DOHA: The Ministry of Finance has won the "Deal of the Year" award at the Global Banking & Markets: Middle East Awards 2025 in Dubai, the UAE. The award recognizes the ministry's outstanding issuance of $2.5 billion in green bonds in May 2024. The ministry issued the bonds in two tranches with maturities of five and 10 years. The offering saw significant interest from local, regional, and international investors, with total subscriptions exceeding $14 billion. This issuance marks a significant milestone in Qatar's green finance journey. It is the first sovereign green bond issuance of its kind in the Gulf Cooperation Council (GCC) countries and the largest green bond offering in the Middle East. Furthermore, the pricing of the offering achieved some of the lowest debt cost margins in the Central and Eastern Europe, Middle East, and Africa (CEEMA) region for the aforementioned maturities at the time of issuance. This achievement reflects investor confidence in Qatar's economy and the robustness of its public finances. It also underscores trust in Qatar's sovereign green finance framework, which aligns with international best practices and standards for green and sustainable finance. The framework is guided by the pillars of Qatar National Vision 2030 and complies with the Green Bond Principles issued by the International Capital Market Association (ICMA) and the Green Loan Principles from the Loan Market Association (LMA). Over 400 entities were nominated for this year's Global Banking and Markets Middle East Awards, with accolades going to the most innovative and distinguished deals in the Middle East region.
Arabian Business
25-04-2025
- Business
- Arabian Business
Emicool secures first-ever green financing to boost sustainable growth
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has successfully secured its first-ever green financing, reinforcing its commitment to environmental sustainability and energy efficiency. The agreement was signed by Dr. Adib Moubadder, CEO of Emicool, in the presence of other representatives from Emicool and the banks. The Syndicated Financing Facility is led by Dubai Islamic Bank and Abu Dhabi Commercial Bank, with a 60:40 share, totaling AED 2.25 billion — of which AED 1.95 billion is classified as Green Financing to be used for Eligible Green Projects. Commenting on the deal, Dr. Adib Moubadder, CEO of Emicool, said, 'Securing this green financing facility is a testament to our ongoing commitment to sustainability and innovation. This funding will optimise our capital structure while expanding our energy-efficient cooling services in line with the UAE's green economy vision.' 'As a company deeply aligned with the UAE's Net Zero by 2050 strategy, this milestone reinforces Emicool's leadership in the green district cooling space. By embedding sustainability into both our financial and operational strategies, we are driving meaningful change across the utilities sector and setting new benchmarks for climate-conscious infrastructure,' he added. Structured with a five-year moratorium and an extended facility term of 12 years, the financing mirrors a bond-like framework that enhances Emicool's capital efficiency. The liquidity generated will be strategically deployed to accelerate the company's district cooling projects across the UAE and the wider region. Compliant with internationally recognised Green Loan Principles (GLP), the facility ensures funds are directed toward environmentally responsible projects that prioritise energy efficiency and carbon reduction. 'This green financing is not just a financial milestone for Emicool — it's a defining moment in the company's journey toward building a more resilient, sustainable future. Dubai Investments sees this as a validation of the Group's strategy to invest in transformative infrastructure that delivers both commercial value and creates a sustainable and measurable environmental impact,' said Abdulaziz Bin Yagub AlSerkal, CEO – Industrial Platform, Dubai Investments. Max Burke, a representative from Actis, commented: 'Sustainability and responsible investment are at the heart of Actis' strategy. This milestone financing for EMICOOL underscores our vision for supporting environmentally and socially responsible infrastructure projects. We look forward to EMICOOL's continued leadership in sustainable district cooling and contribution to global climate goals.' Emicool's district cooling solutions have consistently delivered superior energy savings compared to traditional systems, making the company an ideal candidate for green financing. Moody's has issued a Second Party Opinion, awarding the facility a Sustainability Quality Score of SQS3 (Good), affirming Emicool's alignment with global best practices in sustainable finance.
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Emicool secures first-ever green financing to propel sustainable growth
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has successfully secured its first-ever Green Financing, reinforcing its commitment to environmental sustainability and energy efficiency. The agreement was signed by Dr Adib Moubadder, CEO of Emicool, in the presence of other representatives from Emicool and the banks. The Syndicated Financing Facility is led by Dubai Islamic Bank and Abu Dhabi Commercial Bank, with a 60:40 share, totaling Dh2.25 billion — of which Dh1.95 billion is classified as green financing to be used for eligible green projects. Commenting on the deal, Dr Adib Moubadder, CEO of Emicool, said, 'Securing this green financing facility is a testament to our ongoing commitment to sustainability and innovation. This funding will optimise our capital structure while expanding our energy-efficient cooling services in line with the UAE's green economy vision. As a company deeply aligned with the UAE's Net Zero by 2050 strategy, this milestone reinforces Emicool's leadership in the green district cooling space. By embedding sustainability into both our financial and operational strategies, we are driving meaningful change across the utilities sector and setting new benchmarks for climate-conscious infrastructure.' Structured with a five-year moratorium and an extended facility term of 12 years, the financing mirrors a bond-like framework that enhances Emicool's capital efficiency. The liquidity generated will be strategically deployed to accelerate the company's district cooling projects across the UAE and the wider region. Commenting on the deal, Abdulaziz Bin Yagub AlSerkal, CEO – Industrial Platform, Dubai Investments, said: 'This green financing is not just a financial milestone for Emicool — it's a defining moment in the Company's journey toward building a more resilient, sustainable future. Dubai Investments sees this as a validation of the Group's strategy to invest in transformative infrastructure that delivers both commercial value and creates a sustainable and measurable environmental impact.' Max Burke, a representative from Actis, commented: 'Sustainability and responsible investment are at the heart of Actis' strategy. This milestone financing for Emicool underscores our vision for supporting environmentally and socially responsible infrastructure projects. We look forward to Emicool's continued leadership in sustainable district cooling and contribution to global climate goals.' Compliant with internationally recognised Green Loan Principles (GLP), the facility ensures funds are directed toward environmentally responsible projects that prioritize energy efficiency and carbon reduction. Emicool's district cooling solutions have consistently delivered superior energy savings compared to traditional systems, making the company an ideal candidate for green financing. Moody's has issued a Second Party Opinion, awarding the facility a Sustainability Quality Score of SQS3 (Good), affirming Emicool's alignment with global best practices in sustainable finance.
