Syngenta Seeks $3 Billion ESG Loan, Asia’s Biggest This Year
- Deal is Asia’s largest dollar-only sustainable loan this year
- Loan partly refinances a sustainability-linked deal from 2022
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Agrochemicals giant Syngenta Group is seeking a $3 billion sustainability-linked loan, in what would be Asia’s largest dollar facility linked to environmental, social and governance-related metrics so far this year.
The Sinochem-owned company has mandated Agriculture Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp., Credit Agricole Corporate & Investment Bank SA, Industrial & Commercial Bank of China Ltd. and DBS Bank Ltd. on the loan, said the people, asking not to be identified as the matter is not public. The borrowing is split into three- and five-year tranches, the people added.