Chennai: CapitaLand has secured its first three ‘green loans’ in India, totalling Rs 17 billion from DBS Bank (DBS) and HSBC India.
Proceeds from the loans will be used to finance the development of its green-certified international tech parks in Chennai, Gurgaon and Pune, said a statement.
“The four-and-a-half-year Rs 6.25 billion and three-year Rs 4.25 billion green loans provided by DBS will be used to finance the development of Phase 1 of International Tech Park Chennai, Radial Road and Phase 1 of International TechĀ Park Gurgaon respectively. The four-year Rs 6.5 billion green loan provided by HSBC will be used to finance the development of International Tech Park Pune, Kharadi,” it added.