Deal of the month: Envision Energy’s “dual ESG” green and sustainability-linked term loan
The deal marks the first facility arranged in Asia’s syndicated loan market to combine both green and sustainability-linked features, and the first such issuance by a Chinese multinational.
Hollif
The deal marks the first facility arranged in Asia’s syndicated loan market to combine both green and sustainability-linked features, and the first such issuance by a Chinese multinational.
Heyuan Queyashan wind farm in Guangdong, ChinaApril 11, 2023
Envision Energy, the second-largest wind turbine manufacturer in China and fourth-largest in the world, made history in the Asian syndicated loan market in December last year, with its dual-currency, green and sustainability-linked term loan facility.
The deal was the first in the region to incorporate both green use-of-proceeds, as well as Science Based Targets initiative SBTi sustainability commitments earning it the “dual ESG” loan moniker. It was the first such facility to be raised by a China-headquartered multinational.
“The innovative structure, which combines the green use of proceeds with sustainability-linked key performance indicators KPIs, was well received by the market,” explained Sunil...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 1 article from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
