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HomeAbu dhabi NewsDentons provided Aldar Properties with consulting services for the first AED300 million...

Dentons provided Aldar Properties with consulting services for the first AED300 million sustainability-related loan from HSBC in the Middle East

Dentons provided Aldar Properties with consulting services for the first AED300 million sustainability-related loan from HSBC in the Middle East


Dentons provided Aldar Properties with consulting services for the first AED300 million sustainability-related loan from HSBC in the Middle East

Dentons has reported to Aldar Properties (Alda) Obtained a Dh300 million sustainability-related loan from HSBC Middle East. The five-year financing agreement links the interest payable margin to Aldar’s sustainable development goals and strengthens Aldar’s commitment to these goals.

The structure of the transaction complies with the Sustainability Related Lending Principles (SLLP) issued by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndicate Trade Association (LSTA). It is believed that this is the first one that is not only applicable to Aldar , Also applies to the entire Middle East company.

Aldar will use the loan for general corporate purposes, including planned environmental, social and governance (ESG) group initiatives. More details can be found here. https://www.aldar.com/en/News-and-Media/Aldar-Signs-to-Become-The-First-Mena-Real-Estate-to-Secure-Sustainability-Linked-Loan

Stephen Knight, a banking and financial partner based in Dacheng’s Abu Dhabi office, commented: “We are very pleased to complete another landmark transaction with Aldar. Currently, the ESG-related initiatives are our customers and Dacheng as a company. Key areas of the company. We have seen strong interest in sustainability-related loans from Middle Eastern corporate and bank customers, especially since the launch of SLLP, we are proud to be able to cooperate with important customers Aldar and HSBC to bring this first -Provide funding for the region”.

Dacheng Abu Dhabi team is led by a partner Stephen Knight, With the help of an assistant Michael Henning.

Please click Here Visit the press release on Dacheng website.



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