Sustainable loans expand on number of KPIs amid social and governance push

By Mike Turner
02 Mar 2021

Europe’s syndicated loan market borrowers are increasing the number of key performance indicators on sustainability-linked deals from the usual three, as the importance of social and governance issues increases.

Anheuser–Busch InBev, the world’s largest brewing company, signed a $10.1bn revolving credit facility last week, the largest sustainability-linked revolver ever. The margin on the facility is linked to four KPIs.

“It’s getting more common to have four or even five metrics, particularly on larger facilities,” said a sustainability banker ...

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