Sunlight Real Estate Investment Trust: A Maiden Sustainability-linked Loan in collaboration with Sumitomo Mitsui Banking Corporation

October 14, 2020 - 10:51
Sunlight Real Estate Investment Trust: A Maiden Sustainability-linked Loan in collaboration with Sumitomo Mitsui Banking Corporation

HONGKONG, CHINA - Media OutReach -14 October 2020 - Henderson Sunlight Asset Management Limited (the "Manager") is pleased to announce that Sunlight Real EstateInvestment Trust ("Sunlight REIT")has completed its first sustainability-linked loan today.  This successful attempt not only demonstratesthe Manager's commitment to connecting capital management with sustainability,it also reinforces our collaboration with Sumitomo Mitsui Banking Corporation("SMBC"), a banking partner ofSunlight REIT since 2006.


Withan amount of Japanese yen 7,000 million (equivalent to approximately HK$513 million), thissustainability-linked loan carries a tenure of seven years, with SMBC providinginterest margin privileges based on satisfaction of predetermined sustainabilityperformance targets on environmental and social aspects. The proceeds of the loanwill be used for general working capital and corporate funding purposes.


Mr.Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said,"Sustainability is an integral part of Sunlight REIT's business DNA. In 2020,we have re-crafted a sustainability strategy framework with a view to allocatingour resources and efforts into areas that are most critical to enhancing sustainability;needless to say, sustainability financing is ranked at the forefront of ourpriority list. We are delighted to navigate into this new sustainabilitychapter jointly with SMBC, a like-minded banking partner of Sunlight REIT."  


Mr. Yoshiyuki Ogata, Executive Officer& General Manager of SMBC Hong Kong branch, said, "Beingone of the pioneers in sustainable banking, SMBC is privileged to partner withSunlight REIT to pursue their commitment and dedication to environmental andsocietal contribution. In April 2020, SMBC Group established "SMBC GroupGREEN×GLOBE 2030" based upon "SMBC Group Statement on Sustainability", aten-year plan with a target of Japanese yen 10 trillion for green finance to beachieved by the financial year ending 2029. This sustainable financing edged aremarkable milestone of SMBC towards the growing green finance opportunity inthe Greater Bay Area."


About Sunlight REIT

SunlightREIT (Stock code: 435) is a real estate investment trust authorized by theSecurities and Futures Commission and constituted by the trust deed dated 26May 2006 (as amended and supplemented by six supplemental deeds) (the "TrustDeed"), and has been listed on The Stock Exchange of Hong Kong Limited on21 December 2006. Sunlight REIT offers investors the opportunity to invest in adiversified portfolio of 11 office and five retail properties in Hong Kong witha total gross rentable area of over 1.2 million sq. ft.. The office propertiesare primarily located in core business areas, including Wan Chai and SheungWan, as well as in decentralized business areas such as Mong Kok and NorthPoint. The key retail properties are situated in regional transportation hubsand new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

About the Manager

The Manager of Sunlight REIT is anindirect wholly-owned subsidiary of Henderson Land Development Company Limited(恒基兆業地產有限公司). Its main responsibility is tomanage Sunlight REIT and all of its assets in accordance with the Trust Deed inthe sole interest of its unitholders.


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


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