Sovcombank takes first ESG facility as Russian corps extend green pivot

Mariam Meskin

January 11, 2021 04:30 pm

Arrow_rise_green_Adobe_575x375_290720 — magnifying glass on a green background. Arrow up. Concept | Mariia Nazarova - stock.adobe.com

Russia’s Sovcombank has entered the ESG loan market for the first time, raising a $350m syndicated loan. An increasing number of Russian corporates are turning to the green financing sector as a way to diversify funding.

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Topics

Central and Eastern Europe (CEE)Green and Social Bonds Syndicated LoansCEE LoansCredit Suisse EMEA Russia ING Commerzbank Emerging Market Loans Europe Emerging Markets UniCredit HSBC SRI CEE

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Mariam Meskin