Read The Times Australia

Daily Bulletin

Sunlight REIT secures an additional HK$800 million Sustainability-linked Loan from BOCHK

HONG KONG SAR - Media OutReach - 6 June 2022 - Henderson Sunlight Asset Management Limited (the "Manager") and Bank of China (Hong Kong) ("BOCHK") jointly announce that Sunlight Real Estate Investment Trust ("Sunlight REIT") has secured its second tranche of HK$800 million sustainability-linked loan ("SLL").

Together with the first tranche of HK$500 million, this HK$1.3 billion SLL commitment represents a significant sustainable finance collaboration between Sunlight REIT and BOCHK, increasing the proportion of SLLs of Sunlight REIT to over 60% of total borrowings.

Mr. Keith Wu, Chief Executive Officer of the Manager (second from left), Ms. Vivian Yip, General Manager – Investment and Investor Relations of the Manager (left), Ms. Kennis Chong, Deputy General Manager, Global Corporate Banking Department of BOCHK (second from right) and Mr. Calvin Woo, Assistant General Manager, Global Corporate Banking Department of BOCHK (right) announce that Sunlight REIT has secured its second tranche of SLL from BOCHK.
Mr. Keith Wu, Chief Executive Officer of the Manager (second from left), Ms. Vivian Yip, General Manager – Investment and Investor Relations of the Manager (left), Ms. Kennis Chong, Deputy General Manager, Global Corporate Banking Department of BOCHK (second from right) and Mr. Calvin Woo, Assistant General Manager, Global Corporate Banking Department of BOCHK (right) announce that Sunlight REIT has secured its second tranche of SLL from BOCHK.


This SLL, which is an unsecured loan facility and has a tenure of four years, shall allow Sunlight REIT to enjoy interest margin privileges based on the achievement of predetermined environmental related sustainability performance targets, comprising reduction in energy consumption and indoor air quality certifications. The proceeds of this loan will be used for refinancing and general working capital.

Mr. Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, "We are grateful for the unwavering support from BOCHK, which enables Sunlight REIT to achieve an important milestone in its sustainability journey. Reflecting the Manager's firm commitment to linking business success with environmental solutions, the unsecured nature of this loan further strengthens the debt profile of Sunlight REIT. Looking ahead, we shall endeavour to continuously reinforce our sustainability platform, while striving to bring our long-standing partnership with BOCHK to the next level."

Ms. Lu Ying, General Manager of Global Corporate Banking Department of BOCHK, said, "This SLL underscores Sunlight REIT's commitment to put sustainability finance at the forefront of its priorities. BOCHK is delighted to continue to offer the SLL to Sunlight REIT. The loan supports Sunlight REIT to achieve its long-term sustainability goals while also enabling it to grow its business in a more sustainable way. BOCHK has been taking active steps to promote green finance. With its tailored green finance solutions, the Bank endeavours to work together with its customers to push forward the development of a green and low-carbon economy. "

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the amended and restated trust deed dated 10 May 2021 (the "Trust Deed"). It offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager
The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

About Bank of China (Hong Kong) Limited
Bank of China (Hong Kong) Limited ("BOCHK") is committed to pursuing its strategic goal to "Build a First-class Regional Banking Group" and promoting sustainable and high-quality development. Capitalising on its advantages as a major commercial banking group in Hong Kong, BOCHK continues to increase local market penetration, captures business opportunities in the Greater Bay Area and actively expands its business development in Southeast Asia. We strive to provide customers with comprehensive, professional and high-quality services. Entering a new era of smart banking, we endeavour to become a customer-centric digital bank by enhancing customer experience with innovative technology and offering intelligent products and services.

As one of the three note-issuing banks and the sole clearing bank for Renminbi ("RMB") business in Hong Kong, BOCHK has strong market positions in all major businesses. Our strong RMB franchise has made us the first choice for customers in RMB business. We have the most extensive branch network and diverse service platforms in Hong Kong, as well as efficient e-channels such as Internet and Mobile Banking services. We offer a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers.

We are actively pushing forward our regional development and expanding our business in the Southeast Asian region. With our branches and subsidiaries in Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos, Brunei and Myanmar, we support customers in the region with professional and high-quality financial services. Through close cooperation with our parent bank - Bank of China, we provide a full range of high-quality cross-border services to multinationals, crossborder customers, mainland enterprises going global, central banks and super-sovereign organisations.

As a leading commercial and internationalised regional bank with deep roots in Hong Kong for over 100 years, BOCHK upholds its mission of "Bridge China and the World for the Common Good". We are committed to undertaking our corporate social responsibilities, promoting long-term and balanced sustainable development, and delivering greater value for our stakeholders and the community. BOC Hong Kong (Holdings) Limited is one of the largest listed companies on the Main Board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY".

#SunlightREIT

The issuer is solely responsible for the content of this announcement.

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

GRC Consulting and Cyber Security Consulting for Businesses

Businesses face risks such as ransomware attacks, data breaches, violations of regulatory standards ...

How to Set a Budget Before Bidding at Auction

Placing a bid at an online art auction is an exciting way to discover rare paintings, home content...

Does a Modern James Bond Exist?

Image Credit: MysteryShot What the Movies Get Right About Private Investigators There are a few mov...

How Australian Businesses Can Effectively Manage Tax Audits and Disputes

Managing a small business in Australia is inherently challenging, but recent shifts in regulatory ...

From Coastal Calm to Classic Comfort: The Right Carpet for Every Style of Home

Carpet is often chosen near the end of a room makeover, after the walls, furniture, and lighting h...

How to Add a Heart to a Photo in Seconds

Visual storytelling has rapidly evolved in the digital age, transforming how we share our daily expe...

Why Small-Denomination Physical Gold is Becoming the Ultimate Defensive Asset

In a landscape of lingering macroeconomic uncertainty and rising domestic living costs, everyday i...

Why Your Feet Spread During Running and What That Means for Shoe Fit

The trainers felt brilliant in the shop. You walked around, bounced on your toes, checked the mirror...

How to Vet and Hire the Right Property Expert in the Australian Market

Navigating the Australian real estate market has become a highly strategic exercise. Recent nation...