HONG KONG SAR – Media outreach – June 6, 2022 – Henderson Sunlight Asset Management Limited (the “Administrator“) and Bank of China (Hong Kong) (“BOCHK“) jointly announce that Sunlight Real Estate Investment Trust (“Sunlight REIT“) secured its second tranche of an HK$800 million sustainability-linked loan (“SLLTogether with the first tranche of HK$500 million, this HK$1.3 billion SLL commitment represents a significant and sustainable financial collaboration between Sunlight REIT and BOCHK, increasing Sunlight REIT’s SLL proportion to more than 60% of total borrowings.
This SLL, which is an unsecured loan facility and has a term of four years, will provide Sunlight REIT with interest margin privileges based on the achievement of predetermined environmentally related sustainability performance targets, including reduced energy consumption and indoor air quality certifications. Proceeds from this loan will be used for refinancing and general working capital.
Mr. Wu Shiu Kee, Keith, Chief executive officer from the manager, said: “We are grateful for the unwavering support of BOCHK, which allows Sunlight REIT to take an important step in its journey towards sustainability. further strengthens Sunlight REIT’s leverage profile. Going forward, we will strive to continuously strengthen our sustainability platform, while striving to take our longstanding partnership with BOCHK to the next level.
Ms. Lu Ying, General Manager of Global Corporate Banking Department by BOCHK, said, “This SLL underscores Sunlight REIT’s commitment to putting sustainable financing at the forefront of its priorities. BOCHK is delighted to continue to offer the SLL to Sunlight REIT. The loan helps Sunlight REIT achieve its sustainability goals at term while enabling it to grow its business in a more sustainable manner. BOCHK has taken active steps to promote green finance. With its tailored green finance solutions, the Bank strives to work with its clients to advance the development of a green and low-carbon economy.”
Disclaimer: The information contained in this press release does not constitute an offer or an invitation to sell or the solicitation of an offer or an invitation to buy or subscribe for shares of Sunlight REIT in Hong Kong or in any other jurisdiction.
About Sunlight REIT
Listed on the Stock Exchange of Hong Kong Limited since December 21, 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and established by Amended and Restated Trust Indenture dated May 10, 2021 (the “Deed of Trust“). It offers investors the opportunity to invest in a diversified portfolio of 11 office properties and five retail properties in Hong Kong with a total gross leasable area of over 1.2 million square feet. The office properties are located in both central and decentralized activities, while commercial properties are located in regional transport hubs, new towns and densely populated urban areas.
About the manager
Sunlight REIT Manager is an indirect wholly owned subsidiary of Henderson Land Development Company Limited. Its primary responsibility is to manage Sunlight REIT and all of its assets pursuant to the Indenture for the sole benefit of its Unitholders.
About Bank of China (Hong Kong) Limited
Bank of China (Hong Kong) Limited (“BOCHK“) is committed to pursuing its strategic goal of “Building a Premier Regional Banking Group” and promoting quality and sustainable development. Capitalizing on its advantages as a major commercial banking group in Hong Kong, BOCHK continues to increase local market penetration, seize business opportunities in the Greater Bay Area, and actively expand business development in Southeast Asia.We strive to provide our customers with comprehensive, professional and high-quality services. In a new era of smart banking, we are striving to become a customer-centric digital banking company by enhancing customer experience with innovative technology and delivering smart products and services.
As one of the three note-issuing banks and the only clearing bank for the renminbi (“RMB“) in Hong Kong, BOCHK has strong market positions in all major companies. Our strong RMB franchise has made us customers’ first choice in RMB business. We have the most extensive branch network and from various service platforms in Hong Kong, as well as efficient electronic channels such as Internet and Mobile Banking services.We provide a full range of financial, investment and wealth management services to individuals, businesses and institutional.
We are actively pushing our regional development and expanding our business in the Southeast Asia region. With our branches and subsidiaries in Thailand, Malaysia, Vietnam, Philippines, Indonesia, Cambodia, Laos, Brunei and Myanmar, we support clients in the region with professional and high quality financial services. Through close cooperation with our parent bank – Bank of China, we provide a comprehensive range of high-quality cross-border services to multinational corporations, cross-border clients, mainland businesses going global, central banks and super-sovereign organizations.
As a leading regional commercial and internationalized bank with deep roots in Hong Kong for more than 100 years, BOCHK maintains its mission of “Bridge between China and the world for the common good”. We are committed to fulfilling our corporate social responsibilities, promoting long-term and balanced sustainable development and delivering greater value to our stakeholders and the community. BOC Hong Kong (Holdings) Limited is one of the largest companies listed on the main board of the Hong Kong Stock Exchange, with stock code “2388” and ADR OTC symbol “BHKLY”.
The issuer is solely responsible for the content of this announcement.