Vukile secures R1.1bn in green and sustainability-linked funding with Absa

Upsides of Social Media MarketingNew Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…Vukile Property Fund , the specialist retail real estate investment trust has secured R1.1bn of funding through an innovative green loan and sustainability-linked loan with Absa. The loans, which are refinancing existing debt facilities, will be

enabled as part of the refinancing process of existing debt and will be specifically directed to Vukile’s solar PV project and linked to its sustainability targets. The goals include reducing carbon emissions, boosting water savings and educating property professionals — initiatives that benefit the environment and society and align with Vukile’s wider environmental, social and governance commitments.

Through its expertise and commitment to sustainable finance, Absa played a crucial role as lender and sole sustainability coordinator, ensuring alignment with the Loan Market Associations’ Green Loan and Sustainability Linked Loan Principles.We partnered with Vukile to ensure market leading performance indicators are set for this funding solution, that are relevant to their sector and aligns to their business strategy.

Source: Holiday News (holidaynews.net)

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