City Developments Secures SG$300 Million Sustainability-Linked Loan

MT Newswires05-15

City Developments (SGX:C09) obtained a SG$300 million multicurrency sustainability-linked loan from DBS Bank, according to a Friday filing with the Singapore Exchange.

The loan is linked to the company's aim of adopting nature-based solutions and to support Singapore's transformation into a "City in Nature," which is part of the city-state's Green Plan 2030.

The loan will be used for general corporate funding and working capital needs.

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