Keppel Land China secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China, a Singapore-based company, has secured its first green loan of $125 million from the HSBC Group China for the development of Seasons City (Phase 1) in the Sino-Singapore Tianjin Eco-city. The five-year term green loan for Seasons City (Phase 1)  is to be aligned with the green loan principles issued by the Loan Market Association, the Asia Pacific Loan Market Association, and the Loan Syndications and Trading Association. It is the first green loan granted by the HSBC Group China to support the development of a property project in mainland China. The project has also installed a solar PV system and a solar hot water system. The total energy and water savings to be achieved by Seasons City (Phase 1) are estimated to be over $1.8 million annually.

GET ACCESS TO OUR ARTICLES

Enter your email address