Rusal takes $1.1bn green loan in landmark deal for Russia

Environmental, social and governance ESG green adobe stock 230x150 AS
By Mariam Meskin
28 Oct 2019

Rusal has signed the first internationally syndicated sustainability-linked loan from Russia. The heavily oversubscribed facility is part of a slowly growing shift towards green financing in Russia, said bankers.

The five year sustainability linked pre-export finance facility was launched at $750m in September. Due to heavy oversubscription, the facility closed at $1.085bn. 

The margin on the deal is subject to tightening depending on Rusal's fulfilment of pre-agreed sustainability key performance indicators (KPIs). Those KPIs concern Rusal's environmental ...

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