Sustainability-linked loan with ING BankSource: RNS
Sustainability-linked loan with ING Bank
14 October 2021 - EVRAZ plc (LSE: EVR, "EVRAZ" or the "Company") announces that it has agreed a US$150 million sustainability-linked loan with ING BANK with maturity in Q2 2026 (the "Loan").
The pricing mechanism of the Loan is linked to the management score (the "Score") of the ESG rating provided by Sustainalytics. Depending on this Score during each yearly period, the Loan interest rate may decrease, stay unchanged or increase.
With this Loan EVRAZ has increased the share of sustainability‑linked financing in its credit portfolio. In April 2021, Raspadskaya, subsidiary of EVRAZ, signed a loan agreement with SberBank with certain ESG commitments for a total amount of
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