199
, Hong Kong

DBS Hong Kong grants US$35m green-linked loan to down apparel firm Bosideng

The loan has a one year tenor.

The loan has a one year tenor.

DBS Bank Hong Kong is extending a US$35m sustainability-linked loan with a one year tenor to Bosideng International Holdings Limited, a Chinese down apparel retailer.

This is Bosideng’s first sustainability-linked loan and the largest green-linked loan taken out by a down apparel retailer, according to a press release.

The loan will be used for Bosideng’s working capital. Under the loan agreement, Bosideng will obtain Responsible Down Standard (RDS) certification for at least 95% of its down apparel.

ALSO READ:DBS’ DDEx doubles trade volume in June from April

The RDS is set by the global non-profit organisation Textile Exchange and the company Control Union Certifications, which work closely with all sectors of the textile supply chain.

Boisideng currently has an MSCI corporate ESG rating of BBB

MSCI ESG Ratings measure a company’s management of financially relevant ESG risks and opportunities, according to their exposure to ESG risks and how well they manage those risks relative to peers, its website said.

Login or Register to watch the video.
Login
Can't Login? Sign up for an account
Sign up for your account
The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.
Provide a password for the new account in both fields.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Can't log in?

Password reset instructions will be sent to your registered email address.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Banking & Finance in your inbox