Business
Sustainability-linked loan with ING Bank
Sustainability-linked loan with ING Bank.
About this update from Evraz Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1456P\n Evraz Plc\n 14 October 2021\n \n \n \n \n Sustainability-linked loan with ING Bank\n \n \n \n \n \n 14 October 2021\n - EVRAZ plc (LSE: EVR,\n \n \"EVRAZ\" or the \"Company\")\n \n announces that it has agreed a US$150 million sustainability-linked loan with ING BANK with maturity in Q2 2026 (the \"Loan\").\n \n \n 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.\n \n \n With this Loan EVRAZ has increased the share of sustainability\n ‑\n 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\nUS$200 million. \n \n \n For further information:\n \n \n \n \n \n Media Relations:Moscow: +7 495 937 6871London: +44 207 290 [email protected]\n \n \n \n \n \n Investor Relations:Moscow: +7 495 232 1370London: +44 207 290 [email protected]\n \n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.\n END\n \n MSCEASELFFFFFFA\n ","length":3560,"tagName":"div"}]