Business
Giti Tire Completes Issuance of S$150 Million 5-Year Sustainability Notes
Giti Tire (Giti) announced that it has completed the issuance of Sustainability Notes, totaling S$150 million, that is jointly arranged by DBS Bank Ltd., Deutsche Bank and HSBC.
About this update from Giti Tire Corporation Class A
[{"type":"text","content":"SINGAPORE, Oct. 21, 2025 /PRNewswire/ -- Giti Tire (Giti) announced that it has completed the issuance of Sustainability Notes, totaling S$150 million, that is jointly arranged by DBS Bank Ltd., Deutsche Bank and HSBC.","length":218,"tagName":"p"},{"type":"text","content":"The five-year Singapore-dollar notes are priced at par with a coupon rate of 5.750%, raising S$150 million, will be used to finance or refinance expenditure directly related to eligible green and social projects described in Giti's Sustainable Finance Framework. Moody's has issued a Second Party Opinion (SPO) on the Framework, available at https://www.giti.com/social-responsibilities.","length":395,"tagName":"p"},{"type":"text","content":"Giti's Sustainable Finance Framework is centered around its mission of "Continual Growth in Business, Stewardship and Uplifts." In its 2024 Sustainability Report, Giti defines REAL profit as profit earned after factoring in sustainability considerations, aiming to achieve net zero at cash neutrality, balancing climate ambitions with sound financial discipline.","length":376,"tagName":"p"},{"type":"text","content":""While working towards our goals, considerations are also made regarding the cost of implementation," explained Dr Pang Chong Hau, Chief Sustainability Officer at Giti. "Through reciprocal agreements and collaborative efforts, we work closely with partners to expand the definition of value—achieving a balance where the benefits and savings generated by sustainable practices offset the cost of their implementation. This ensures that sustainability and profitability move hand in hand."","length":508,"tagName":"p"},{"type":"text","content":"Green Innovation in Motion","length":26,"tagName":"p"},{"type":"text","content":"Giti embarks on various projects throughout the year that are aligned with its sustainability goals. Recently, Giti collaborated a leading electric vehicle manufacturer, to create the GitiSport e.GTR2 Pro tire for the world's fastest production car, reaching 496.22 km/h. This highlights Giti's technological prowess in delivering ultra-high-performance tires for zero-emission vehicles.","length":395,"tagName":"p"},{"type":"text","content":"The electric vehicle currently used for a zero-emission world record attempt, "Most Countries Visited in an Elec...