Singtel obtains $535 million five-year green loan for data centres

Singtel obtains $535 million five-year green loan for data centres

SINGAPORE – Singtel’s data centre subsidiaries have secured a $535 million five-year green loan from DBS, OCBC, UOB and Standard Chartered. The banks have also been appointed as green loan coordinators.

This marks the first green loan obtained by Singtel, said the telecommunications provider on Dec 4.

Proceeds will go into refinancing borrowings and supporting the operations of two of Singtel’s data centres, DC West and DC Kim Chuan. These two facilities offer a combined 62 MW of capacity.

As part of the green loan criteria, both data centres must obtain at least a Green Mark GoldPlus certification from the Building and Construction Authority (BCA).

Both have already attained Green Mark Platinum, which is the highest green building certification awarded by the BCA.

Singtel’s group chief financial officer Arthur Lang said the group will continue exploring ways to incorporate technologies such as liquid cooling and artificial intelligence to further improve efficiency at all of its data centres.

This includes the upcoming 58 MW green data centre DC Tuas, which Singtel recently broke ground on.

“We will build on the success of our sustainability-linked loans, bonds and other efforts, to further expand our portfolio of green financing initiatives under Olives, Singtel group’s sustainable financing programme,” said Mr Lang.

Shares of Singtel were flat at $2.30 as at 9.53am on Dec 4. THE BUSINESS TIMES

News Related

OTHER NEWS

Shein files for U.S. IPO, as fast-fashion giant looks to expand its global reach

A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images ... Read more »

EU regulators say Amazon's acquisition of vacuum maker iRobot may harm competition

EU regulators say Amazon's acquisition of vacuum maker iRobot may harm competition European regulators say Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition ByHALELUYA HADERO AP business ... Read more »

Argentina's right-wing president-elect to meet with a top Biden adviser

Argentina's right-wing president-elect to meet with a top Biden adviser Argentine President-elect Javier Milei is getting a meeting with a top Biden aide ByAAMER MADHANI Associated Press and DANIEL POLITI ... Read more »

Texas CEO and his 2 children were among 4 killed in wreck before Thanksgiving

Texas CEO and his 2 children were among 4 killed in wreck before Thanksgiving The CEO of a construction company and his two young children were among four people killed ... Read more »

How major US stock indexes fared Monday, 11/27/2023

How major US stock indexes fared Monday, 11/27/2023 Stocks edged lower on Wall Street as markets look ahead to updates on inflation and how American consumers are feeling about the ... Read more »

Moderna keeps tabs on ‘high risk’ anti-vaccine celebs like Elon Musk, Novak Djokovic, Russell Brand: report

Moderna has hired a former FBI agent to compile internal company reports about “high-risk” celebrities — including tennis star Novak Djokovic, tech mogul Elon Musk and actor Russell Brand — ... Read more »

Millions of underage Instagram users are an ‘open secret’ at Meta: lawsuit

Meta CEO Mark Zuckerberg and other top brass at the social media giant were well aware that millions of users on Instagram are underage, according to newly released claims in ... Read more »
Top List in the World