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Stock impact report

Gerald Group Earns Green Loan Status for $650 Million Facility [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
sublimit for low-carbon aluminum qualifies as a green sublimit to issue green loans as per Loan Market Association guidelines. This follows the successful conclusion of an independent assessment against the LMA's green loan principles and other relevant market guidelines. The facility was successfully refinanced in the second half of 2023 for $650 million and extended for two years, receiving strong support from the market with a substantial oversubscription of more than $200 million For its part, Rabobank acted as mandated lead arranger, administrative agent, and green coordinator for the syndicate, which totalled 13 lenders. Credit Agricole, Credit Suisse, HSBC, Deutsche Bank and Wells Fargo joined them as joint lead arrangers with UBS and Natixis acting as co-syndication agents. Bank of China , Garantibank, ING, Raiffeisen Bank International and UniCredit completed the syndicate. Patricia Nikolopoulos , Gerald Group's CFO, commented: "We are delighted with the support we have Show less Read more
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