Germany’s ESG loan wave rising as Lanxess signs

By Mike Turner
05 Dec 2019

Chemical company Lanxess has signed a €1bn sustainability-linked loan, as lenders expect next year to see huge growth in other German companies using the format.

Lanxess’s facility has a five year maturity with two one year extension options.

The transaction bears some of the hallmarks of other loans this year that have got investment grade bankers concerned, namely a smaller facility size and a reduction in the number of banks on the deal. ...

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