Sunlight REIT secures an additional HK$800 million Sustainability-linked Loan from BOCHK
- Written by Sunlight REIT
Mr. Keith Wu, Chief Executive Officer of the Manager (second from left), Ms. Vivian Yip, General Manager – Investment and Investor Relations of the Manager (left), Ms. Kennis Chong, Deputy General Manager, Global Corporate Banking Department of BOCHK (second from right) and Mr. Calvin Woo, Assistant General Manager, Global Corporate Banking Department of BOCHK (right) announce that Sunlight REIT has secured its second tranche of SLL from BOCHK.
This SLL, which is an unsecured loan facility and has a tenure of four years, shall allow Sunlight REIT to enjoy interest margin privileges based on the achievement of predetermined environmental related sustainability performance targets, comprising reduction in energy consumption and indoor air quality certifications. The proceeds of this loan will be used for refinancing and general working capital.Mr. Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, "We are grateful for the unwavering support from BOCHK, which enables Sunlight REIT to achieve an important milestone in its sustainability journey. Reflecting the Manager's firm commitment to linking business success with environmental solutions, the unsecured nature of this loan further strengthens the debt profile of Sunlight REIT. Looking ahead, we shall endeavour to continuously reinforce our sustainability platform, while striving to bring our long-standing partnership with BOCHK to the next level."
Ms. Lu Ying, General Manager of Global Corporate Banking Department of BOCHK, said, "This SLL underscores Sunlight REIT's commitment to put sustainability finance at the forefront of its priorities. BOCHK is delighted to continue to offer the SLL to Sunlight REIT. The loan supports Sunlight REIT to achieve its long-term sustainability goals while also enabling it to grow its business in a more sustainable way. BOCHK has been taking active steps to promote green finance. With its tailored green finance solutions, the Bank endeavours to work together with its customers to push forward the development of a green and low-carbon economy. "
Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
[1]References
- ^ Media OutReach (www.media-outreach.com)
Authors: Sunlight REIT
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