Snam spins revolver to green

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By Mike Turner
08 Nov 2018

Utility company Snam has converted an existing €3.2bn revolving credit facility into a sustainable deal, joining the growing chorus of southern European firms switching their bank lines for environmental, social and governance-friendly financing alternatives.

The conversion links the loan to three sustainable key performance indicators. 

In similar deals, borrowers have been rewarded with a more favourable margin if they can hit various metrics including reduced carbon emissions, fewer workplace accidents and better treatment of waste products

“Green loans are becoming increasingly popular,” said ...

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