Singapore’s 2nd richest man Kwek Leng Beng’s CDL secures $234M sustainability-linked loan from DBS
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City Developments Limited (CDL), led by Singapore's second-richest man Kwek Leng Beng, has secured a S$300 million (US$234 million) sustainability-linked loan from DBS. The loan aims to enhance climate resilience through various sustainability targets. CDL has raised over S$11 billion in sustainable financing since 2017 to support its net-zero goals. This marks the second partnership between CDL and DBS for sustainability-linked financing.
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