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

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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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