DBS lends Henderson Land $5b for sustainability projects

Henderson Land Development (0012) secured bilateral loans worth HK$5 billion from DBS Hong Kong, which will be used for the developer’s sustainability and social initiatives.

The bank said in a statement that the facility comprises a four-year sustainability-linked loan of HK$2 billion, a five-year SLL of HK$2.9 billion and a social loan of HK$100 million.

The proceeds from the social loan should be allocated to eligible projects as identified, including Transitional Housing and Community Living Room projects, the lender noted, without revealing the specific use of the SLLs.

DBS Hong Kong said both parties aim at fostering ongoing commitments to responsible investment and community well-being.

STAFF REPORTER