NLMK joins Russian sustainability-linked loan trend
Novolipetsk Steel, one of Russia’s largest steel producers, has amended an existing loan to include sustainability-linked pricing. The deal is the latest in a string of green financings in the country.
The margin on the deal, a €250m four year credit line signed in 2017, will now be linked to NLMK’s ESG rating from Sustainalytics, an independent provider of ESG ratings and research.Sustainalytics will assess NLMK once a year. An improvement of the company’s ESG rating will enable NLMK to have a discount in ...
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