ESB switches revolver to sustainability-linked

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By Mike Turner
02 Mar 2020

Ireland's Electricity Supply Board has become the first utility in the country to sign a sustainability-linked loan. Bankers say there is still a lot of untapped potential in Europe's high grade sustainable lending market.

ESB has signed a €1.45bn five year revolving credit facility to refinance a loan of the same size, signed in 2016.

The new loan's margin is linked to ESB's green planning, which it calls its 2030 Brighter Future strategy. In particular, by 2026 the company plans to reduce the carbon ...

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