Industrial developer CTP has signed a dual tranche sustainability-linked Asian loan facility worth ¥22.5 billion (€122.5 million equivalent) and $180 million. The proceeds will fund the company's development pipeline.
The Asian loan is a sustainability-linked term loan with a 5-year maturity comprising two tranches: a JPY tranche of ¥22.5 billion signed at TONA + 115bps and a USD tranche of $180 million signed at SOFR + 135bps.
Following CTP's debut Samurai loan in early 2025, the Asian loan was syndicated across several Asian financial centres, expanding access to Asian investors at competitive pricing terms. "Increasing the share of unsecured financing and diversification of the funding sources remain among CTP's key financing priorities," the company stated.
Fifteen banks participated in the Asian loan, with SMBC Group acting as sole coordinator, sole sustainability coordinator, sole bookrunner, and mandated lead arranger. The syndication met strong demand from both existing and new lenders.
CTP owned 14.6 million sqm of GLA across 11 countries at the end of 2025.
