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ABC Singapore Branch successfully issued its first Green Club Loan

In order to actively implement ABC Group’s green strategy and leverage the group’s financial advantages to promote the sustainable growth of economy, ABC Singapore Branch developed a “Sustainable Financing Framework” (the “Framework”) and successfully launched a USD 200 million Green Club Loan (“Green loan”) on 29 August 2019. The Framework was jointly developed by BNP Paribas and UOB according to international practices in the market. This deal is supported by 6 international banks.

ABC Singapore Branch has utilized all the funds from 6 international banks to finance and refinance the green project in accord with the Principles, Guidelines and Standards of the Sustainable Financing Framework.

ABC Singapore Branch is the leading Chinese bank in Singapore and also first overseas branch within the ABC Group to establish a Sustainable Financing Framework and successfully executed a green loan under the Framework. This is to expand our influence in the field of green and sustainable financing. This also represents the recognition given to ABC’s strategy by international market players

ABC Singapore Branch will continue to leverage its strategic location to strengthen the cooperation and communication between financial institutions, to unswervingly fulfill social responsibilities, and to provide effective financing support for companies working on climate change and environmental problems.

 

Sustainable Financing Framework.pdf

 

Second Party Opinion by Sustainanalytics.pdf