Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.
Sabana Industrial Real Estate Investment Trust has announced the pricing of S$100 million in Sustainability-Linked Guaranteed Bonds at a 4.15% interest rate, due in 2029, with a sustainability performance target aimed at reducing its greenhouse gas emissions by 24%. The bonds are guaranteed by the Credit Guarantee and Investment Facility of the Asian Development Bank and managed by CIMB Bank and HSBC, with an increase to 4.45% interest if the environmental target is not met.
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