Investing: Largest African Sustainability-Linked Real Estate Debt Arranged

October 21, 2022

Grit Real Estate Income Group has raised $306 million in sustainability-linked debt in the largest real-estate industry transaction to date in sub-Saharan Africa (excluding South Africa). The lower rates on the term loan and revolving credit facility, which was arranged solely by Standard Bank, are linked to the Group’s ESG, carbon-emissions reduction and gender-equality targets. The Group intends to utilize the proceeds both to replace existing debt and to fund a re-development project in Senegal.

Continue reading.