CapitaLand Malaysia Trust, through its trustee, MTrustee Berhad, and CIMB Bank Berhad, announced that its CLMT loan facility of RM693 million from CIMB has been converted into a sustainability linked loan facility, for the funding of the acquisition of Queensbay Mall located in Penang, Malaysia.
This facility marks the group’s largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall. CIMB will offer CLMT interest rate rebates on the committed term loan facility. These rebates will be based on pre-determined sustainability performance targets that have been set for Queensbay Mall. These include obtaining green building certification and achieving targeted reductions in energy consumption and are subjected to stringent third-party verifications.
