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AIMS APAC REIT bags sustainability-linked loan of up to $400m and A$150m

The loan offers margin adjustments based on the REIT's ESG performance.

AIMS APAC REIT bagged an unsecured sustainability-linked loan (SLL) of up to $400m and A$150m.

United Overseas Bank Limited (UOB) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) are the Joint Lead Arrangers and Sustainability Coordinators of the SLL.

The SLL offers sustainability margin adjustments based on the REIT’s performance in meeting key ESG targets, which include reducing Scope 2 carbon emissions, expanding solar energy capacity, and increasing the proportion of green leases with tenants.

"The achievement of these targets will enable AA REIT to benefit from competitive borrowing costs while driving positive sustainability outcomes across its portfolio and creating long-term value for Unitholders, tenants and business partners," the REIT said.
 

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