DBS’ $72m loan to PLife REIT to finance elder care in Japan
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DBS has issued a $72 million (JPY 8.8 billion) 10-year social loan to Parkway Life REIT (PLife REIT) to finance elder care facilities in Japan, marking the first healthcare-sector social loan for both parties. The loan aligns with PLife REIT's Sustainable Finance Framework, which adheres to international Social Loan Principles. Performance indicators include the number of nursing home accommodations and beneficiaries of PLife REIT programs. This initiative aims to enhance healthcare infrastructure in Japan, addressing the needs of its aging population, which is projected to reach 36.25 million by 2024.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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