• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

HSBC, Temasek launch debt financing platform for sustainable infrastructure

September 29, 2021 by David Barret Leave a Comment

September 29, 2021

SINGAPORE (Reuters) – HSBC Holdings and Singapore state investor Temasek are teaming up to set up a debt financing platform for sustainable infrastructure projects, with an initial focus on Southeast Asia.

The two companies said in a joint statement on Thursday they would invest a combined amount of up to $150 million of equity to fund loans in the initial phase. The Singapore-based platform aims to allocate more than $1 billion of loans within five years.

“The platform will target renewable energy and storage, water and waste treatment and sustainable transport to help meet carbon reduction targets and build resilience to offset the impact of climate change,” the companies said.

Noel Quinn, group chief executive of HSBC, said the partnership “aims to tackle some of the biggest barriers to financing sustainable infrastructure where it’s needed the most.”

Globally, governments, companies and investors are taking steps to develop climate finance plans to fund the transition to a low-carbon economy.

Some $2 trillion in infrastructure investment is needed over the next decade to enable Southeast Asia’s sustainable transition, a report issued by Bain & Company, Microsoft and Temasek said on Wednesday.

HSBC and Temasek said the Asian Development Bank would offer technical and other assistance to the platform, while Clifford Capital Holdings, a Singapore-based specialist financing and distribution platform for infrastructure assets, would assist with project finance expertise.

“Public funding alone will not cover the scale of climate change mitigation and transition required across Southeast Asia,” said Dilhan Pillay, CEO of Temasek International. “By joining forces, we can catalyse our capital, multiplying impact and scaling to meet the opportunities.”

(Reporting by Anshuman Daga; Editing by Edmund Blair)

Source Link HSBC, Temasek launch debt financing platform for sustainable infrastructure

David Barret
David Barret

Related posts:

  1. German services sector drives growth as recovery persists- PMI
  2. Hunted by the men they jailed, Afghanistan’s women judges seek escape
  3. Philip Morris seals deal to buy Vectura with 75% of shares tendered
  4. Over 40% of UK companies face recruitment difficulties – ONS

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Most Distant Black Hole Ever Confirmed From 500 Million Years After The Big Bang
  • Scientists Used Virtual Reality To Alter People’s Lucid Dreams In Mindboggling Feat
  • Vesna Vulović: The Woman Who Fell Over 10,000 Meters And Miraculously Survived
  • Why Do Lion Cubs Have Spots?
  • 80 Years On, Chilling Photos Of The Hiroshima Bombing Remind Us Why Nuclear Weapons Are Terrifying
  • Four Radioactive Wasp Nests Have Been Found At A Nuclear Facility In South Carolina
  • Ancient Burial Practices
  • Why Do Arms And Legs “Fall Asleep”?
  • Anatoli Bugorski: The Man Who Put His Head In A Particle Accelerator And Survived
  • Alpha Centauri A – Our Closest Sun-Like Star – Has A New “Very Strong Candidate” Planet
  • Redditors Claim They Can Smell When Someone Is Pregnant. Is That Really A Thing?
  • New Monster Black Hole 36.3 Billion Times Our Sun May Be “Most Massive” Ever Found
  • An Interstellar Mission To Visit A Black Hole Might Only Take 70 Years, Astrophysicist Says
  • Four Super Rare Barbary Lion Cubs Born At Czech Zoo In Conservation Win
  • NASA’s Perseverance Snaps One Of Sharpest 360° Panoramas On Mars Ever Taken
  • UAP Researchers Search For “Transient Events” In Earth’s Shadow, Finding Unexplained Events
  • Neolithic Cannibals In Spain Ate Their Enemies As A Form Of “Ultimate Elimination”
  • RFK Jr Pulls Millions Of Dollars Of mRNA Vaccine Funding, Citing Misinformation – Here’s What To Know
  • Ride On Board A Red-Footed Booby As It Catches Flying Fish Above The Indian Ocean
  • People Returned To Live In Post-Apocalyptic Pompeii – But Life Was Never The Same
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version