Singtel has secured a S$535 million (US$400.7m) green loan.
The Singaporean telco has secured a five-year green loan through its data center subsidiaries DCW Pte Ltd and DCKC Pte Ltd.
Arthur Lang, Singtel Group CFO, said: “Singtel is committed to aligning our borrowings with our environmental objectives, and we are pleased to work with DBS, OCBC, Standard Chartered Bank and UOB to invest in a more sustainable future for everyone.
"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 program.”
The loan proceeds will be used to refinance the borrowings and support the operations of two Singtel data centers; DC West and DC Kim Chuan.
Lang also said the company will continue exploring ways to incorporate technologies such as liquid cooling into its data centers.
The two facilities must maintain at least a Green Mark GoldPlus certification from Singapore’s Building and Construction Authority as part of the green loan criteria.
The loan was provided by DBS, OCBC, Standard Chartered Bank, and UOB, which have also been appointed as green loan coordinators.
