BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment

COLI will enjoy savings in borrowing costs should it meet performance targets.

Bank of China Hong Kong has arranged a $115.8m (₤100m) five year sustainability-linked club loan for China Overseas Land & Investment Limited (COLI).

BOCHK acted as Joint Mandated Lead  Arrangers, Joint Sustainability-linked Loan Coordinators and the Agent for the loan facility.

COLI will enjoy savings in borrowing costs when it meets a set of pre-determined sustainability performance targets.

COLI plans to use the loan proceed for general corporate purposes.

According to the facility agreement, COLI stands to enjoy savings in borrowing costs after meeting a set of pre-determined sustainability performance targets. The loan proceeds will be used  for general corporate purposes of COLI.