DBS Bank (Hong Kong) Limited and Henderson Land Development Company Limited have announced the completion of a HKD 5 billion bilateral multi-tranche sustainability-linked loan (SLL) and a social loan this month. This loan is intended to support Henderson Land's general funding needs with sustainability and social goals in mind. The financial package includes a four-year SLL of HKD 2,000 million, a five-year SLL of HKD 2,900 million, and a social loan amounting to HKD 100 million.
The two companies worked together to create a set of sustainability performance targets suited to Henderson Land's environmental, social, and governance (ESG) ambitions and its 2030 sustainability objectives. The proceeds from the social loan will finance eligible projects like Transitional Housing and Community Living Room. The agreement aims to reinforce commitments to both responsible investment and community well-being.
Boris Chan, Managing Director and Head of Institutional Banking Group at DBS Hong Kong, remarked, “DBS Hong Kong has long-term commitments in driving social developments and promoting sustainable economy. This landmark transaction signifies the deep-rooted partnership with Henderson Land. We are proud to support Henderson Land’s ESG journey and to create a constructive environmental and social impact in Hong Kong.”
Andrew Fung, Executive Director and Chief Financial Officer of Henderson Land, commented, “Henderson Land has long been a pioneer in driving sustainable innovation within the real estate sector. This significant financing agreement with DBS Hong Kong reinforces our commitment to sustainability and social responsibility, including reducing construction site accidents, while advancing our goals of sustained growth. We remain dedicated to strategies that prioritise environmental stewardship, innovation for future, community care and social value. We look forward to seeing the positive impact this facility will have on the local community.”
DBS Hong Kong continues to integrate sustainability into its services and has helped various companies with tailored sustainable financing solutions.