BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment

COLI will enjoy savings in borrowing costs should it meet performance targets.

COLI will enjoy savings in borrowing costs should it meet performance targets.

Bank of China Hong Kong has arranged a $115.8m (₤100m) five year sustainability-linked club loan for China Overseas Land & Investment Limited (COLI).

BOCHK acted as Joint Mandated Lead Arrangers, Joint Sustainability-linked Loan Coordinators and the Agent for the loan facility.

COLI will enjoy savings in borrowing costs when it meets a set of pre-determined sustainability performance targets.

COLI plans to use the loan proceed for general corporate purposes.

According to the facility agreement, COLI stands to enjoy savings in borrowing costs after meeting a set of pre-determined sustainability performance targets. The loan proceeds will be used for general corporate purposes of COLI.

ESG in Banking

green loan

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