Our website uses cookies to enhance your user experience. By continuing your visit, you agree to this use of cookies. Please refer to our Privacy Policy for more information.

Continue
link-20-anniversary-logo
Business Investor Relations Sustainability
EN
EN 繁 简
Search
Contact Us Related Websites
Home
  • About Us
    • Vision and Purpose
    • Leadership
      • Board of Directors
      • Senior Management
    • Milestones
    • About the Manager
  • Business
    • Asset Management
    • Portfolio Management
    • Properties
  • Investor Relations
    • Financial Reports and Presentations
      • Financial Reports
      • Presentations
    • Regulatory Disclosure
      • Announcements
      • Circulars
      • Relevant Investments
      • Disclosure of Interests
    • Unitholder Information
      • Stock Information
      • Distribution
      • Investors' Calendar
      • General Meeting
      • Rights Issue
    • Financial Data
      • Financial Highlights
      • Credit Ratings
    • Investor Communications
      • Analyst Coverage
      • Awards and Recognitions
      • Index Membership
      • Investors’ FAQ
      • INTERLink Newsletter
      • IR Events
      • Letter to Investors
  • Governance
    • Corporate Governance
    • Risk Management
    • Unitholder Communications
  • Sustainability
    • Sustainability Strategy and Goals
    • Sustainability Governance
      • Sustainability Governance Structure
      • Materiality and Risk Assessment
      • Material ESG KPIs
      • Stakeholder Engagement
      • Sustainability Policies
      • Sustainable Finance
      • Responsible Investment
    • Environment
      • Decarbonisation
      • Climate Resilience and Adaptation
      • Green Buildings
      • Resource Management
        • Energy Efficiency
        • Waste Management
        • Water Management
        • Biodiversity
    • Social
      • Talent Management
      • Tenant Engagement
      • Supply Chain
      • Community
      • Occupational Health, Safety and Wellbeing
      • Diversity and Inclusion
      • Innovation
    • Performance and Reporting
      • Ratings and Indices
      • Awards and Recognitions
      • Signatories and Initiatives
    • ESG Insights and Collaboration
    • Link Sustainability Lab
  • Community
    • Link Together Initiatives
      • Community Projects
      • Link 20th Anniversary Outstanding Students Scholarship
      • Link University Scholarship
    • Creating Social Hubs
      • Placemaking
      • Happenings
        • “From the Bund to the Harbour: Canton-Hong Kong Reconnected” Exhibition
        • Tour de Link
        • Bless HK Lantern Festival
    • Channel 823
  • Media
    • News Releases
    • Link Perspectives
    • Gallery
  • Careers
    • All Opportunities
    • Management Associate Programme
    • Summer Internship Programme
  • Related Websites
    • Link Asset Management Limited
    • Hong Kong Customer Website
    • Mainland China Customer Website
    • Singapore Customer Website
    • Fresh Market Revival
    • Hong Kong REITS Association Limited
Back

What's hot

Financial Report Distribution Sustainability Link Together Initiatives
Home Media News Releases Link REIT secures HK$1 billion sustainability-linked loan from OCBC Bank
Share
03-facebook 02-twitter logo-linkedin 09-link

Hong Kong, Singapore – Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823), and OCBC Bank announced today (Thursday) that The Link Finance Limited (Link Finance), a wholly owned special purpose vehicle of Link REIT, has signed a five-year sustainability-linked loan of HK$1 billion from OCBC Bank. This marks Link REIT’s first sustainability-linked loan transaction in Hong Kong dollar.

To incentivise Link REIT’s sustainability performance, OCBC Bank will offer reductions in the interest rate on a tiered basis subject to Link’s environmental, social and governance (ESG) performance. Link REIT’s ESG performance will be measured by its continued inclusion in leading global sustainability indices as well as improvements in its Global Real Estate Sustainability Benchmark (GRESB) score. GRESB is widely recognised to be the leading sustainability benchmark for real estate and infrastructure investments across the world.

Proceeds of the loan will be used for general working capital and corporate funding purposes.

Kok-Siong Ng, Link’s Chief Financial Officer, said, “Green financing as part of our capital management strategy is an integral part of our vision, and this sustainability-linked loan shows our continued commitment to achieving growth in a sustainable and responsible manner. We are glad to have a like-minded partner like OCBC Bank to support us along this journey.”

Tan Wing Ming, Regional General Manager for North East Asia of OCBC Bank, said, “Link REIT has put sustainability at the core of their business strategy and is an industry leader in that regard. At OCBC, we, too, believe that businesses can do well by doing good, so we are proud to support Link REIT’s green financing endeavours, which will go a long way towards mitigating the impact of climate change.

This sustainability-linked loan also continues OCBC Bank’s momentum in the sustainable finance space. The bank ranked first for Bloomberg’s 2019 Mandated Lead Arranger (MLA) league table for green loans and renewable energy loans, as well as the 2019 MLA league table for green loans and sustainability-linked loans by intelligence service Debtwire.

Link REIT’s maiden sustainability-linked loan signed in March this year was in Australian dollar and for general corporate funding purposes including sustainability initiatives.

Link REIT is a constituent of the Hang Seng Corporate Sustainability Index, the Dow Jones Sustainability Asia Pacific Index and the FTSE4Good Index. Link REIT is also a signatory to the United Nations Global Compact. These bear testament to Link REIT’s strong track record when it comes to sustainability.

About Link

Link Real Estate Investment Trust (Hong Kong stock code: 823), managed by Link Asset Management Limited, is a leading retail-focused REIT in the world. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors and is a Hang Seng Index constituent stock. From its home in Hong Kong, Link manages a diversified portfolio including retail facilities, car parks and offices spanning Hong Kong, Beijing, Guangzhou, Shanghai, Shenzhen, London and Sydney. Link seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of our medium-term target Vision 2025. For details, please visit https://www.linkreit.com/.


LinkREIT
Home About Us Business Investor Relations Governance
Sustainability Community Media Careers
Sitemap Contact Us Accessibility Statement Privacy Policy Statement Terms of Use and Disclaimer Personal Information Collection Statement
linkedin twitter facebook instagram youtube Weibo Weixin QrCode wechat
Sitemap Contact Us Accessibility Statement Privacy Policy Statement Terms of Use and Disclaimer Personal Information Collection Statement
© Copyright Link Asset Management Limited. All rights reserved.
Caring Company 15 year+
Information
Corporate Profile Financial Reports News Releases​ Job Openings
Contact Us
Text Size