Gunvor pushes further into ESG finance with euro deal to sit alongside dollars

Inglestadt refinery
By Mike Turner
22 Jun 2020

Gunvor, the Swiss commodity trader, has signed a €450m sustainability-linked facility, pushing its environmental, social and governance-linked bank lines signed this year up to almost €1.1bn-equivalent.

The one year facility got a “decent oversubscription”, said a banker who worked on the transaction, adding that “banks were scaled back”.

The company’s latest deal sits alongside a $725m sustainability-linked loan signed in January. On both facilities, the margin is linked to how well Gunvor meets sustainability criteria.

The ...

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