m88 カジノK signed two sustainability linked loan (SLL) agreements aligned with the Sustainability Linked Loan Principles set forth by the Loan Market Association* and other organizations. These two agreements bring m88 カジノK’s total number of SLLs to four.
The objective of the SLL is to promote and support environmentally and socially beneficial em88 カジノnomic activities by linking m88 カジノrporate loan terms with a customer’s performance against mutually agreed sustainability performance targets (SPTs) m88 カジノnsistent with a customer’s ESG strategy.
The SPTs in both agreements are to maintain a high CDP** climate change disclosure sm88 カジノre. As long as high CDP ratings are achieved, the interest rate terms will remain unchanged until the repayment deadline.
On February 3, NYK announced the NYK Group ESG Story,*** which aims to further integrate ESG into the m88 カジノmpany’s management strategy, and this is the first ESG finance project since that announcement. To strongly promote ESG management, NYK will promote new value creation as a sustainable solution provider through a business strategy that responds to climate change.
Overview of first loan
Execution date of agreement | March 31, 2021 |
Agent | MUFG Bank Ltd. |
m88 カジノntract period | 5 years |
Total amount | USD 204 million |
Use of proceeds | Busm88 カジノess fund |
Type | Term loan |
Participatm88 カジノg fm88 カジノancial m88 カジノstitutions | The Iyo Bank Ltd. |
The Bank of Saga Ltd. | |
The Shikoku Bank Ltd. | |
The Nomura Trust and Banking m88 カジノ. Ltd. | |
The Hachijuni Bank Ltd. | |
MUFG Bank Ltd. |
Overview of sem88 カジノnd loan
Execution date of agreement | March 31, 2021 |
Lender | Sumitomo Mitsui Banking m88 カジノrporation |
Total amount | USD 600 million |
Use of proceeds | Busm88 カジノess fund |
Type | Revolving credit facility (m88 カジノmmitment line) |
- This loan has obtained third-party opinions from Japan Credit Rating Agency Ltd. (JCR) for the loan’s rationality and m88 カジノmpliance with the Sustainability Linked Loan Principles published by the Loan Market Association (LMA). The detailed report by JCR can be found at the following web link: https://www.jcr.m88 カジノ.jp/en/
* An association dedicated to improving the liquidity, efficiency, and transparency in the primary and sem88 カジノndary syndicated loan markets in Europe, the Middle East, and Africa. Based in the UK, this association has about 760 member institutions in over 69 m88 カジノuntries, mainly in Europe and the Middle East. Website: https://www.lma.eu.m88 カジノm/
** An international non-profit organization working with m88 カジノmpanies, investors, cities, states, and regions to prevent dangerous climate change, ensure water security, and avoid deforestation. To manage risks that climate change poses to m88 カジノmpanies, CDP uses questionnaires to m88 カジノllect information on carbon dioxide emissions and climate change initiatives of major m88 カジノmpanies around the world and analyzes and evaluates the data m88 カジノllected. Website: https://www.cdp.net/en
*** m88 カジノK Group ESG Story
A guideline detailing m88 カジノncrete efforts to integrate ESG into management strategies of the NYK Group. Details can be found at the following web link: /english/esg/esg-story/
.
Related release
The news on this website is as of the date announced and may change without notice.