LMA to guide banks on how to avoid greenwashing in sustainable loans
The loan market’s trade bodies are preparing to give new guidance about how to ensure sustainability-linked loans — in which borrowers can get a margin reduction if they hit sustainability targets — are genuinely “ambitious”. Bankers want to protect the market from rising concerns that some deals’ terms are too easy on the borrowers.
The Loan Market Association, Asia Pacific LMA, and the Loan Syndications and Trading Association in the US are expected to publish the new guidelines in the second quarter.Sustainability-linked syndicated loans were one of the big capital markets success stories of 2019, as growth astonished even enthusiasts for ...
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