Nordgold latest Russian corp to yield to ESG financing trend
Nordgold, the Russia-headquartered gold mining company, has become the latest borrower from the country to enter the green financing market after it raised an ESG-linked syndicated loan.
The $100m revolving credit facility has a tenor of two years.
Deutsche Bank, ING and Raiffeisen Bank International were mandated lead arrangers and bookrunners, while ING acted as sustainability coordinator.
The margin of the loan is tied to Nordgold’s ESG-rating, which is provided by EcoVadis.“ESG ...