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  • Written by Media Outreach
HONG KONG SAR - Media OutReach - 6 June 2022 - Henderson Sunlight Asset Management Limited (the "Manager") and Bank of China (Hong Kong) ("BOCHK") jointly announce that Sunlight Real Estate Investment Trust ("Sunlight REIT") has secured its second tranche of HK$800 million sustainability-linked loan ("SLL"). Together with the first tranche of HK$500 million, this HK$1.3 billion SLL commitment represents a significant sustainable finance collaboration between Sunlight REIT and BOCHK, increasing the proportion of SLLs of Sunlight REIT to over 60% of total borrowings.

Mr. Keith Wu, Chief Executive Officer of the Manager (second from left), Ms. Vivian Yip, General Manager – Investment and Investor Relations of the Manager (left), Ms. Kennis Chong, Deputy General Manager, Global Corporate Banking Department of BOCHK (second from right) and Mr. Calvin Woo, Assistant General Manager, Global Corporate Banking Department of BOCHK (right) announce that Sunlight REIT has secured its second tranche of SLL from BOCHK.

This SLL, which is an unsecured loan facility and has a tenure of four years, shall allow Sunlight REIT to enjoy interest margin privileges based on the achievement of predetermined environmental related sustainability performance targets, comprising reduction in energy consumption and indoor air quality certifications. The proceeds of this loan will be used for refinancing and general working capital.

Mr. Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, "We are grateful for the unwavering support from BOCHK, which enables Sunlight REIT to achieve an important milestone in its sustainability journey. Reflecting the Manager's firm commitment to linking business success with environmental solutions, the unsecured nature of this loan further strengthens the debt profile of Sunlight REIT. Looking ahead, we shall endeavour to continuously reinforce our sustainability platform, while striving to bring our long-standing partnership with BOCHK to the next level."

Ms. Lu Ying, General Manager of Global Corporate Banking Department of BOCHK, said, "This SLL underscores Sunlight REIT's commitment to put sustainability finance at the forefront of its priorities. BOCHK is delighted to continue to offer the SLL to Sunlight REIT. The loan supports Sunlight REIT to achieve its long-term sustainability goals while also enabling it to grow its business in a more sustainable way. BOCHK has been taking active steps to promote green finance. With its tailored green finance solutions, the Bank endeavours to work together with its customers to push forward the development of a green and low-carbon economy. "

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

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