Sistema gains first ESG credit line from Russian lender

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By Mariam Meskin
17 Nov 2020

Sistema, the Russian diversified holding company, has raised a sustainability-linked credit line through the country's largest lender, Sberbank. Though there has been an increase in sustainability-linked financing in Russia, this deal marks the first ESG-linked loan between a domestic corporate and borrower.

The Rb10bn ($130m) credit line, with a maturity of up to five years, includes an option to tie the interest rate on each loan to the borrower’s sustainability performance. Sources confirmed that no drawdowns have been made so far.

The fulfilment of the KPIs will “have a ...

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