SGX-listed Frasers Property is planning to raise up to S$420m (€297m) via its inaugural green retail notes.

The manager said the sustainable financing initiative is in line with the group’s goal of financing the majority of its new sustainable property assets with green and sustainable financing by 2024.

Frasers Property said up to S$300m of the five-year notes will be offered to retail investors, while up to S$120m will be offered to institutional and other investors.

Loo Choo Leong, group CFO of Frasers Property, said: “We hope the introduction of this inaugural corporate green retail notes issuance in Singapore will help further fuel interest from both retail and institutional investors in green finance.

“Frasers Property Group has been achieving GRESB recognition for our portfolio of property assets as well as property development. Proceeds from this issuance will help us to finance our sustainable property assets.”

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