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HKBN Seals $5.25B Sustainability Linked Loan Deal
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HKBN (01310.HK) announced the signing of its inaugural HK$5.25 billion syndicated Sustainability Linked Loan (SLL Facility) under the HKBN Sustainability-Linked Financing Framework, with 11 leading international, regional and local banks. The facility includes enhanced terms and a greenshoe mechanism that allows HKBN to upsize the loan in the future. Proceeds from the SLL Facility will be used to refinance the Company’s outstanding loans. It also includes an interest rate adjustment mechanism that is linked to predetermined sustainability performance targets (SPTs). This will allow HKBN to benefit from savings in borrowing costs upon the successful attainment of the specified key performance indicators (KPIs). AAStocks Financial News |
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