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Author: leahlim   |   Latest post: Wed, 27 May 2020, 11:31 AM

 

GuocoLand secures $730 mil green loan for Tan Quee Lan Street project

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GuocoLand, through its subsidiaries MTG Apartments and MTG Retail, has successfully secured a $730 million green loan from OCBC Bank, DBS Bank and ICBC Singapore for the construction of its mixed-use development at Tan Quee Lan Street in Bugis.
This is GuocoLand’s first green loan and the industry’s largest green loan so far for a development project in Singapore. Proceeds from the loan will finance the project, including efforts in sustainable development, water and energy conservation, and the adoption of urban greenery and landscaping.
 
 
 
 

 

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