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OCBC makes first property efficient loan in South Korea

OCBC Bank has provided a new natural loan of 115 billion dollars South Korean was the winner (S$132. 6 million) to M&G Real Estate Parts of asia to refinance an expense in Northgate, a efficient building in Seoul's key business district, with all the loan provider as the sole provider and green mechanic.

The loan is South Korea's first green loan supporting the home field, OCBC said around some sort of statement on Comes to an end (Aug 21). 햇살론 대환대출 will be in addition the bank's first environmentally friendly finance transaction around the country.

The money takings will be used to help refinance existing advances inside M&G Asia Property Pay for, which has been extended for typically the investment within Northgate. The particular fund is definitely managed by means of M&G Property Asia.


Northgate is a high-rise business office building with green characteristics, which include rainwater recycling methods, water-efficient fixtures, LED lights in common areas, and even building automation systems to control heating, ventilation, atmosphere conditioning and light fittings. Environmentally-friendly materials are also utilized in the building's cleaning and standard upkeep.

In 2016, Northgate received the Authority inside Energy and Environment The design of Existing Buildings Businesses plus Upkeep Gold standing through the US Green Setting up Council.

OCBC Bank mind of global corporate banking Elaine Lam said the loan provider is looking to develop the sustainable finance profile to help S$25 billion by way of 2025.

Stocks and shares of OCBC seemed to be along eight mere cents or perhaps zero. 9 per cent to $8. seventy-five in an ex-dividend foundation at the midday break on Friday.

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