HCM CITY — HSBC Bank (Viet Nam) Ltd, in collaboration with Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC) and United Overseas Bank (Vietnam), has announced it will be providing a five year green loan to Tam Luc Real Estate Corporation (Tam Luc), owned by the Malaysian property developer Gamuda Land.

HSBC Viet Nam served as the coordinating arranger, joint mandated lead arranger, joint green coordinator, and as a facility agent in this deal.

With a commitment of VNĐ3.75 trillion, (US$145 million) the loan will finance the investment and development of Eaton Park, a high-end residential project in HCM City.

The project has received an Excellence in Design for Greater Efficiencies (EDGE) green building certification by the International Finance Corporation (IFC), which requires Eaton Park to achieve a minimum of 20 per cent savings across energy, water and embodied energy in materials.

The Eaton Park project also aligns with the international Green Loan Principles. It reflects Tâm Lực’s commitment to incorporate sustainability into their real estate development.

“The transaction demonstrates HSBC’s ability to structure sophisticated financial solutions like a green club loan tailored to support sustainable development”, said Tim Evans, CEO and head of Banking, HSBC Viet Nam.

“By leveraging our expertise and network, we empower our clients to incorporate sustainability into their business models and showcase our commitment to support businesses in their transition journey. — VNS