• US$400 million syndicated five-year green term loan facility was signed in September 2022
• Green loan will be used to finance or refinance eligible projects in accordance with its green finance framework

SINGAPORE, 17 OCTOBER 2022

Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”) today announced that its wholly-owned subsidiary, Frasers Property Treasury Pte. Ltd. (“Frasers Property Treasury”), has raised US$400 million through a syndicated five-year green term loan facility (“Green Loan”) that was signed on 7 September 2022.

The Green Loan was issued under Frasers Property Treasury’s Green Finance Framework¹ (“the Framework”), which was established in April 2022. The Framework specifies a set of criteria² for eligible projects that proceeds from Frasers Property’s green finance issuances can be used for.

Mr Loo Choo Leong, Group Chief Financial Officer of Frasers Property, commented, “To further our commitment towards responsible investment, we established the Green Finance Framework as our primary guiding source for all issuances of Frasers Property green loans and green bonds moving forward. This enables us to better focus and streamline our approach for future issuances, a significant step towards achieving our sustainability goal of financing the majority of our new sustainable assets with green and sustainable financing by 2024.”

Since its first green loan in September 2018, the Group has raised over S$9 billion of green and sustainability-linked loans and bonds.

The Green Loan was underwritten by a syndicate of three banks:

1. frasersproperty.com/who-we-are/sustainability/green-finance-framework
2. Eligible Projects may include (1) Green commercial and residential buildings being new, existing, or refurbished buildings which meet regional, national, or internationally recognised regulations, standards or certifications; and (2) Green building portfolios for entities and/ or REITs invested and/or financed by FPL that receive at least 4-star rating from GRESB Real Estate Assessment as per the latest available GRESB Benchmark Reports.