HSBC facilitates five-year green club loan for property developer Tam Luc

May 20, 2025 | 15:23

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HSBC Vietnam on May 19 announced a five-year green club loan for Tam Luc Real Estate Corporation (Tam Luc), owned by Malaysian property developer Gamuda Land.

HSBC facilitates five-year green club loan for property developer Tam Luc

The loan will be provided by HSBC Vietnam in collaboration with Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, and United Overseas Bank (Vietnam) Limited. HSBC Vietnam served as the coordinating arranger, joint mandated lead arranger, joint green coordinator, and facility agent for the deal.

With a commitment of VND3.75 trillion ($114.5 million), the loan will finance the investment and development of Eaton Park, a high-end residential project in Ho Chi Minh City.

The project is a mixed-use development strategically located in District 2 of Ho Chi Minh City, and spans over 3.75 hectares with six high-rise apartment towers totalling more than 2,000 units. The development will also offer more than 100 amenities, including an ice sauna, gourmet kitchen, and pickleball court.

This project has received Excellence in Design for Greater Efficiencies green building certification by the International Finance Corporation, which requires Eaton Park to achieve a minimum of 20 per cent savings across energy, water, and embodied energy in materials.

Eaton Park also reflects Tam Luc’s commitment to incorporate sustainability into their real estate development.

“The transaction demonstrates HSBC’s ability to structure sophisticated financial solutions like a green club loan tailored to support sustainable development,” said Tim Evans, CEO and head of banking at HSBC Vietnam. “By leveraging our expertise and network, we empower our clients to incorporate sustainability into their business models and showcase our commitment to support businesses in their transition journey.”

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