CICT generates value and achieves sustainable returns through investing in and managing a portfolio of assets. The financial performance is detailed in CICT's Annual Report 2022 (AR 2022) under Financial Highlights, Financial Review and Financial Statements. Underpinning CICT's growth strategy is the sourcing and allocation of capital. More details can be found under Capital Management section in AR 2022. CICT adopts a prudent capital management strategy, with a focus on diversifying its funding sources, including sustainable financing and extending its debt maturity profile at optimal interest rates. In 2022, CICT obtained sustainabilitylinked/green loan facilities andgreenbond issuance amounting to S$2.7 billion. These sustainabilitylinked loans are tied to CICT’s achievements in GRESB and other green initiatives. CICT, through its wholly owned subsidiary CMT MTN Pte. Ltd. has issued HKD900,000,000 2.95% (swapped into Singapore dollar proceeds of S$155,200,000 at a SGD fixed interest rate of 2.715%) fixed rate notes due 18 February 2031. The proceeds have been fully utilised to refinance borrowings of Asia Square Tower 2, an office building located in Singaporewith a gross floor area of 916,931 sq ft that is awarded Green Mark Platinum (2021) by Singapore’s Building and Construction Authority. Gross Revenue S$1,441.7 million Up 10.5% y-o-y Aggregate Leverage 40.4% Distributable Income S$702.4 million Up 4.1% y-o-y Issuer Rating A3 by Moody’s Aby S&P 81% Total Borrowings on fixed rate DPU 10.58 cents Up 1.7% y-o-y ~30% of total borrowings are sustainability-linked/green financing Financial Performance Capital Management Established in February 2022, CICT’s Green Finance Framework (Framework) demonstrates its commitment to sustainable financing and serves to align its ESG goals with CapitaLand’s 2030 SustainabilityMaster Plan. CICT obtained a SecondParty Opinion from Standard & Poor's (S&P) Global Ratings on its Framework. Scan the above QR code to access CICT’s green finance framework and second-party opinion report. Integrated Sustainability Report 2022 67 Financial
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