1. Home
  2. News

GREEN BANKING

Tiong Seng secures S$125m in green facilities from OCBC, DBS

S$70m OCBC loan to be used exclusively on projects with "clear environmental benefits"
By Vivienne Tay
The Business Times
Tiong Seng secures S$125m in green facilities from OCBC, DBS
CEO Pek Lian Guan says these facilities will allow Tiong Seng to focus on environmental and green objectives to make a positive difference in society.
19 Nov 2019 - 05:50

Singapore

MAINBOARD-LISTED Tiong Seng Holdings has secured S$125 million worth of green loan and environmental performance-linked facilities from OCBC Bank and DBS Bank respectively.

Of that amount, S$70 million - a green loan from OCBC - will be exclusively used on green projects

Tiong SengOCBCDBSgreen loangreen facilitiesenvironmental performance-linked facilities

More Stories

Money

Flexible Financing Holds Massive Potential for SME Growth

By Dr Tan Sian Wee, Co-Founder and Executive Director, Finaxar

News

Money FM podcast: Resilience Budget – helping Singapore’s businesses stay afloat

We speak with Ho Meng Kit, CEO, Singapore Business Federation about the effectiveness of the Resilience Budget initiatives by the Singapore...

News

Suntec City unveils second rent assistance package

SUNTEC City late on Friday said that in support of the Resilience Budget announced by the government last week, it will roll out a second tranche...