Mapletree Logistics Trust (MLT) has secured its first-ever green loan.
The loan has been secured in the form of an SGD200 million green revolving credit facility from OCBC Bank.
Proceeds from this green loan will be used to finance the working capital requirements of the REIT.
OCBC Bank is the green loan advisor, and sole lender for the facility.
MLT’s first foray into sustainable finance, back in November 2019, was similarly supported by OCBC Bank through a SGD200 million sustainability-linked loan.
The facility was designed to incentivise MLT to expand the renewable energy generation capacity for its portfolio, said OCBC.
MLT was last done on the SGX at SGD1.98, which implies a distribution yield of 4.17% according to data compiled on the Singapore REITs table.