DEALS Entrenching sustainability in Commercial Property Finance across borders Absa | Corporate and Investment Banking > Insights and Events > Entrenching sustainability in Commercial Property Finance across borders SHARE We are proud to have acted as a funder in Grit’s multi-jurisdictional syndicated USD306million Sustainability-Linked Term Loan. Grit Real Estate Income Group Limited is a public company registered and headquartered in Mauritius and is a leading pan-African real estate company focused on investing in, and, actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). The Group has a full suite of on-the-ground capabilities and has a proven ability to generate attractive African returns for a sound risk profile. The deal was a Syndicated USD306million Sustainability Linked Term Loan that centralized our client’s Treasury function, pooled their debt across the majority of the geographies in which they operate, and extended their debt maturity profile. With this deal, Grit has migrated from the traditional financing model where debt is raised on an asset by asset basis. Outside of South Africa, this is the largest syndicated sustainability linked transaction on the continent to date. We are proud to have played a key role in this transaction that directly contributes to entrenching sustainability KPIs in the Commercial Property Finance sector. The transaction's success in challenging market conditions is reflective of our clients’ confidence in us, as well as our capabilities and expertise in facilitating complex pioneering transactions across the African continent. Contact us Read more on our Commercial Property Finance solutions https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more