The five-year sustainability-linked refinancing consolidates several loan facilities into a single, multi-currency structure across multiple funding currencies; the Apac property firm wants to grow its core logistics and data centre businesses.
The $40m funding for South Asia Gateway Terminals, including from HSBC, aims to improve twin-lift ship-to-shore cranes which will help increase productivity, improve operational reliability and reduce energy use.
As Apac green financing grows, the funding, backed by 30 institutions including IFC, will help develop hyperscale campus JHB2 in Johor, which is targeting a design power usage effectiveness of 1.37 and using water-efficient cooling technology.