Giti Tire has completed an issuance of five-year Sustainability Notes and will use the S$150 million (£86.4 million / US$115.7 million) raised to finance or refinance expenditure directly related to eligible green and social projects described in Giti’s Sustainable Finance Framework. Jointly arranged by DBS Bank Ltd., Deutsche Bank and HSBC, the five-year Singapore-dollar notes are priced at par with a coupon rate of 5.750 per cent.
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