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.
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.
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