Leo Paper takes HK$350m in green loan first

Green finance banking figures planning report from Adobe 230x150
By John Loh
04 Sep 2018

Leo Paper Group, a Hong Kong-based printing services company, has signed a HK$350m ($45m) four year green term loan and revolving credit facility with seven banks, making it the first privately-held firm to complete such a transaction.

The financing was distributed equally among seven lenders, with Bank of East Asia, BNP Paribas, Citi, Hang Seng Bank, HSBC, Mizuho and Mitsubishi UFJ Financial Group chipping in HK$50m each.

The loan was borrowed under unit Leo Paper Group Finance, in line with its 2018 green loan framework ...

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