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ESR nets $243 million with sustainability-linked loan

23rd February 2022

Investment manager ESR Group has secured its third sustainability-linked loan, of ¥28 billion ($243 million).

The five-year senior unsecured, committed corporate facility was extended by a consortium of Japanese banks, including Sumitomo Mitsui Banking Corporation and Mizuho Bank. ESR will be entitled to a reduction of the interest rate (initially TIBOR plus 1.8%) as sustainability targets are achieved.  ESR would not reveal the specific targets and potential interest rate reductions.

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