Munich’s public service arm switches to sustainable loan

By Mike Turner
16 May 2019

Germany’s Stadtwerke München has amended its €500m revolving credit facility to add a sustainability element, as the nascent loan structure starts making further inroads with the country's borrowers.

City of Munich-owned Stadtwerke München, which provides public services for the city, amended the loan to stretch the maturity out to 2024 with two one year extension options tacked on.

UniCredit was the co-ordinator, bookrunner, documentation and sustainability structuring agent on the deal. HSBC, LBBW and SEB joined as ...

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