Ferrovie dello Stato financing continues shift back to ESG
Ferrovie dello Stato Italiane, the Italian state railway holding company, has signed a €600m loan package that includes an environmental element. Europe’s loan borrowers are following the bond market away from pandemic crisis funding and back towards sustainability-conscious financing.
The loan has three components. UniCredit has agreed a €200m environmental, social and governance (ESG) loan and a €100m regular facility, both with three year maturities.
Intesa Sanpaolo has agreed to lend €300m over two years.The UniCredit ESG facility will go towards funding new electric ...