Singapore company briefs: Sabana Industrial REIT and ValueMax Group.
Sabana Industrial REIT
Sabana Industrial REIT has obtained a S$150 million sustainability-linked loan from HSBC, with the interest rate to be lower if the REIT meets annual energy and water intensity targets across the its portfolio, according to a filing to SGX early Monday.
Proceeds will be used to refinance existing indebtedness and for general corporate purposes, asset acquisitions, asset enhancement initiatives and working capital requirements, the REIT said in a filing to SGX.
The loan includes a four-year tranche of S$75 million and a five-year tranche of S$75 million, the filing said.
ValueMax Group said Sunday it has launched on the ADDX Exchange a second tranche of digital securities commercial paper under its CP facility. The tranche is priced at 2.32 percent a year, with a maturity three months from issuance, the pawnshop operator said in a filing to SGX.
The company is planning to raise S$10 million to S20 million from accredited and institutional investors, the filing said.