Syngenta Signs $4.5 Billion ESG Loan, Asia’s Biggest This Year
- Over 40 banks joined the loan, upsized from $3 billion
- Firm says no near-term IPO plans, citing sufficient liquidity
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Agrochemicals giant Syngenta Group Co. signed a $4.5 billion sustainability-linked loan, according to a company statement on Monday, in Asia’s largest such dollar facility this year.
The loan was upsized from an initial target of $3 billion following an over-subscription from a group of over 40 banks, including branches from mainland China and Singapore, said people familiar with the matter, asking not to be identified discussing private matters.