Terna rounds off ESG funding with sustainability linked loan

By Mike Turner
07 Aug 2020

Terna, the Italian transmission company, has signed a €100m sustainability-linked facility, marking the borrower’s third outing into the socially-conscious debt markets in recent weeks.

Terna, rated Baa2/BBB+/BBB+, signed the three year bilateral term loan with Mediobanca, with the Italian bank structuring the deal.

The Euribor benchmarked margin is linked to how well the company performs on environmental, social and governance metrics. 

This comes days after Terna signed a €200m ESG-linked term loan and a ...

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