Singapore's CapitaLand raises $230m green loans for India business parks

Singapore's CapitaLand raises $230m green loans for India business parks

A laborer walks in front of a CapitaLand logo at a construction site in Singapore. Photographer: Charles Pertwee/Getty Images

Singapore’s CapitaLand Ltd has secured its first three green loans in India, worth 1,700 crore ($230 million), from DBS Bank India Ltd and Hong Kong and Shanghai Banking Corporation Ltd India.

The debt will be used to finance the development of its green-certified International Tech Parks in Chennai, Gurugram, and Pune. The green loans mark CapitaLand’s entry into sustainable finance in India, the company said on Wednesday.

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