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ESR SECURES $ 205M GREEN LOAN FOR HONG KONG DATA CENTRE PROJECTS

03 Aug, 2023

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“We are very proud of the ESG credentials of our data centre in Hong Kong and thank Crédit Agricole CIB, SMBC and UOB for supporting it with the SLL,” ESR co-founders and co-CEOs Stuart Gibson and Jeffrey Shen said. “With the continued increase in data centre demand, our support from CLP Power also helps to bolster tenants’ environmental commitments and helps Hong Kong achieve its carbon neutrality goals.”

Crédit Agricole CIB acted as sole sustainability advisor and coordinating bank for the loan, while SMBC and UOB acted as sustainability agents. All three lenders are also mandated lead arrangers for the facility. The credit facility is the first sustainability-linked loan in Hong Kong for a brownfield data centre project, and is ESR’s seventh green credit facility bringing its sustainability-linked financing to $4 billion in total.

 

Source - https://www.mingtiandi.com/real-estate/data-centres/esr-secures-205m-green-loan-for-hong-kong-data-centre/