CapitaLand secures first 3 green loans in India totalling INR17b for its biz park developments

CENTRAL, Singapore - Nov. 18, 2020 - PRLog -- CapitaLand has secured its first three green loans in India, totalling INR17 billion (S$323 million1) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India).  The three green loans mark CapitaLand's first foray in sustainable finance in India.  Proceeds from the green loans will be used to finance the development of its green-certified International Tech Parks in Chennai, Gurgaon and Pune.

The four-and-a-half-year INR6.25 billion (S$118.8 million1) and three-year INR4.25 billion (S$80.8 million1) green loans provided by DBS will be used to finance the development of Phase 1 of International Tech Park Chennai, Radial Road and Phase 1 of International Tech Park Gurgaon respectively.  The four-year INR6.5 billion (S$123.5 million1) green loan provided by HSBC India will be used to finance the development of International Tech Park Pune, Kharadi.

Mr Vinamra Srivastava, CEO, Business Parks, CapitaLand India, said: "CapitaLand places sustainability at the core of what we do.  We integrate sustainability into every stage of our real estate life cycle, from investment to design, development and operations, garnering international recognition for our efforts in greening our business parks.  The securing of the first green loans in India demonstrates CapitaLand's commitment to grow our business in a responsible manner as we create long-term value for our stakeholders.  We are glad to work with like-minded partners such as DBS and HSBC who support CapitaLand's aim to develop greener buildings while continuing to contribute to the environmental and social well-being of our communities."

More: https://bit.ly/CLIndiaGreenLoans