Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.
Sabana Industrial REIT has priced S$100 million in sustainability-linked bonds at 4.15% p.a., with a 5-year maturity and a guarantee by CGIF, a trust fund of the Asian Development Bank. The move aligns with the REIT’s environmental goals and its ambition to become carbon-neutral by 2040. The funds raised will be used for capital expenditures and refinancing existing loans, aiming to improve the weighted average debt maturity and fixed-rate borrowing proportions for the REIT.
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