Sustainable Finance
The financial sector is catalysing sustainable and green finance by integrating Environmental, Social and Corporate Governance ("ESG") criteria into financing decisions to bring about sustainable development outcomes and economic growth, including mitigating and adapting to the adverse effects of climate change.
We are experienced in structuring, documenting and advising on various types of sustainable and green financing solutions, including "green" financial instruments such as:
- Green loans (structured under the "Green Loan Principles" of the Loan Market Association and the Asia Pacific Loan Market Association)
- Green and sustainability-linked bonds
- Catastrophe bonds which help transfer risks associated with climate-related disasters
A selection of our notable transactions includes the following:
- A S$1.2 billion green loan for the refinancing of a premium Grade-A energy-efficient office tower in Singapore. The loan is the first green loan for a property in Singapore, and is the first syndicated green loan under the Green Loan Principles in Singapore and South East Asia.
- Acted for M+S Pte. Ltd. in its S$1.95 billion green loan in connection with the Marina One mixed-use development, the largest green loan for a real estate company in Asia Pacific to-date.
- A convertible bonds issue of an aggregate principal amount of up to US$70 million for a Singapore-listed company that is an environmental protection solutions specialist focused on the manufacturing of customised energy-saving and environmental protection products and invests in, develops and operates centralised steam, heat and electricity generation plants.
- UOB’s first dual tranche sustainability bond offering that raised US$1.5 billion. The US dollar-denominated issuance is the first sustainability bond offering from Singapore and the first dual tranche senior and Tier 2 instrument in sustainability format globally from a bank issuer.