Financial institution Standard Bank has successfully signed a $400-million sustainability-linked syndicated term loan. The facility, coordinated by the Industrial and Commercial Bank of China’s London branch (ICBC), Mizuho Bank and Standard Chartered Bank, is Standard Bank’s second sustainability-linked syndicated loan. “Concluding our second sustainability-linked loan and embedding sustainability KPIs [key performance indicators] into the funding arrangements demonstrates the group’s commitment to sustainability, which is at the heart of our purpose . . . We celebrate closing this transaction shortly after publishing our updated Group Sustainable Finance Framework, which will support green and social treasury instruments executed across the group,” Standard Bank sustainable finance head Sasha Cook said on December 11.
