Vukile gets R200m green loan from Nedbank for sustainability projects
Loan will fund installation of solar panels at Vukile-owned shopping centres
20 April 2022 - 19:12
Vukile Property Fund’s environmental, social and governance (ESG) journey has received a boost after it concluded a five-year, R200m green loan with Nedbank Corporate and Investment Banking (CIB).
The green loan is a form of financing that enables borrowers to use the proceeds exclusively to fund projects that are making a substantial contribution to an environmental objective. Vukile will use the money to fund the installation of solar panels in its shopping centres...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.