Achmea, the Dutch insurance holding company, has signed a €1bn sustainability-linked refinancing loan, in what one bank said was the first deal of its kind in the country's insurance sector.
The five year revolving credit facility comes has two one year extensions. It was signed on March 7.
The deal was signed “on more favourable terms” than the €750m facility being refinanced, according to a statement from a lead arranger. The deal size was increased to provide greater liquidity,