Unibail goes beyond green bonds with €650m loan, hopes to do more
Unibail-Rodamco has signed today its green loan, one of the first syndicated facilities to offer the borrower a pricing benefit if it hits sustainability targets. The loan was increased twice in syndication after being oversubscribed, from €500m to €600m and then to €650m.
The five year revolving credit facility, with two one year extension options, was designed partly to enable Unibail-Rodamco to go further in green-themed financing, after it had already issued green bonds.
As GlobalCapitalreported on April 6
, the French-Dutch property company will pay on the loan a
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