THE Agriculture Bank of China’s Singapore branch has secured a US$200 million green loan, the first tranche of a US$465 million club loan facility.
Leading the transaction were UOB and BNP Paribas, which were the joint green structuring advisers and coordinators for the facility. They are also the mandated lead arrangers, together with five other banks. UOB also acted as the agent in the transaction. ABC’s Singapore branch was established in 1995 as its first overseas branch, engaging in the business of corporate lending, foreign exchange, investment securities and more, with an advantage in China-related trade financing and settlements, and cross-border yuan-related trade services.
"With the support of the People's Bank of China and innovative policy frameworks in Singapore, forward-thinking institutions like ABC Singapore Branch are developing frameworks to guide financing to sectors that can make a big difference to the fight against climate change," she added.