(June 03 09:02) Sbr.com.sg
Uploaded By:
Paul Howell
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Staff Reporter
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The loan will help finance a new hotel and commercial development.
Worldwide Hotels Group has acquired its first green loan amounting to $405m from Maybank Singapore.
The loan will help develop the group’s new hotel and commercial development, 8 Club Street and is considered the biggest bilateral green financing for a hospitality asset in Singapore to date. It is also the Singapore hotel chain’s first foray into green financing with a strong commitment to adopt ESG standards in the future.
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