Sustainability-linked term loan facilities to entity incorporated in Hong Kong
Advised Industrial and Commercial Bank of China (Malaysia) Berhad, Labuan International Branch (“ICBC”) in relation to the CNY350,000,000 sustainability-linked term loan facilities to be granted to Palmy Max Limited being an entity incorporated in Hong Kong and which is to be further guaranteed by IOI Properties Group Berhad.
The term loan facilities are structured to be subject to certain sustainability targets to incentivise the borrower and its group to facilitate and support environmentally and socially sustainable economic activity and growth which includes, amongst other things, the reduction of carbon emission intensity.
Advising ICBC were Partner Florence Yong and Senior Associate Kimberley Yee.