DBS Group Holdings has topped Bloomberg’s Asia (ex Japan) league tables for green loans for its role as mandated lead arranger from January 1 to August 25.
During the period, the bank extended some US$1.36 billion ($1.86 billion) worth of green loans over eight deals. The loans were used to finance eligible green projects such as renewable energy projects and green buildings that aim to address key environmental concerns such as climate change.
Around one third of these green loans complied with the additional and stricter criteria and guidelines of the green loan principles under the Loan Market Association and the Asia Pacific Loan Market Association.
Some of the more notable loans DBS has been involved in, include M+S’s $1.95 billion green loan for Marina One, the largest to date by a real estate company in Asia.
It also includes Guocoland’s $730 million green loan for the development of a new luxury residential and commercial development at Tan Quee Lan Street.
Oversea-Chinese Banking Corp (OCBC) came in second with US$993.1 million in green loans, while United Overseas Bank (UOB) rounded up the top three with US$721.7 million.
See also: Boustead Singapore secures $156 mil green loan from UOB for redevelopment of its logistics warehouse
As at 9.44am, shares in DBS were trading 24 cents lower, or 1.1% down, at $20.75. Shares in OCBC were trading 8 cents lower, or 0.9% down, at $8.66, while shares in UOB were trading 46 cents lower, or 2.3% down, at $19.60.
