Grit Real Estate gets $306m sustainability-linked loan from Standard Bank
Transaction increases Grit’s weighted debt expiry term, giving it certainty in volatile capital markets
20 October 2022 - 13:21
UPDATED 20 October 2022 - 21:10
Pan-African property group Grit Real Estate Income Group has secured a $306m sustainability-linked loan from Standard Bank. The transaction will be finalised at the end of October.
“The sustainability-linked term loan and revolving credit facility is the largest of its kind to date for Sub-Saharan Africa’s (excluding SA) real estate sector,” said Standard Bank...
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