CDL secures $400M sustainability-linked loan from DBS Bank for nature conservation and SDGs in Singapore.
City Developments Limited (CDL) secured a $400M sustainability-linked loan from DBS Bank, aligning with CDL's adoption of TNFD recommendations. It's the first loan of its kind and supports nature conservation and sustainable development goals in Singapore. The loan incentivizes CDL's ESG milestones and can be used for general corporate funding, working capital, and redevelopment. Since 2017, CDL has secured over $8B in sustainable financing.
June 25, 2024
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