| Staff Reporter, Singapore

DBS tops Bloomberg Asia's green loans league tables

The bank extended $1.36b in green loans in eight deals from January-August.

DBS has ranked first in Bloomberg Asia ex Japan’s league tables for green loans for its role as mandated lead arranger (MLA) from January to 25 August, according to an announcement.

During the period, DBS extended $1.36b (S$1.86b) worth of green loans across eight deals to finance projects such as renewable energy projects and green buildings. Around one third of these loans complied with additional criteria of the Green Loan Principles under the Loan Market Association and the Asia Pacific Loan Market Association.

The bank’s landmark transactions include M+S’ $1.42b (S$1.95b) green loan for Marina One, Guocoland’s $533m (S$730m) green loan for a luxury residential-commercial development at Tan Quee Lan Street, Singapore, and Chenya Energy’s $245m (TW$7.2b) project finance facility to develop the Changhua 1 & 2 180MW floating solar project.

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