HSBC, Temasek Set Up Debt Financing Platform for Sustainable Infrastructure Projects
30 September 2021 - 5:51PM
Dow Jones News
By Yongchang Chin
HSBC Holdings PLC and Singapore state investment company Temasek
Holdings Pte. will establish a debt financing program that will
fund sustainable infrastructure projects in Asia.
Both partners will invest a combined US$150 million of equity to
provide loans. The aim is to scale up to over US$1 billion worth of
loans within five years, according to a joint statement from the
two companies Thursday.
"The platform aims to catalyze significant capital flows to the
sustainable infrastructure space, deploying blended finance at
scale over time to unlock more marginally bankable projects and
create a tradable asset class, crowding in private and
institutional investors," the statement said.
Asian Development Bank and Clifford Capital Holdings will
support the program as strategic partners and assist in offering
technical assistance and expertise.
Write to Yongchang Chin at yongchang.chin@wsj.com
(END) Dow Jones Newswires
September 30, 2021 03:36 ET (07:36 GMT)
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