Glencore-Indonesia JV Eyes $1 Billion Sustainability-Linked Loan
- DBS, OCBC are arrangers of loan for Aster Chemicals & Energy
- JV bought Shell’s Singapore refining and chemicals assets
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A joint venture between commodity trader Glencore Plc and Indonesia’s PT Chandra Asri Pacific is marketing a $1 billion sustainability-linked syndicated loan, according to people familiar with the matter, as the appeal of ESG-related financing expands in the region.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. are the arrangers of the facility, which has an average life of 6.3 years, the people said, who asked not to be named discussing private matters. Aster Chemicals & Energy, a new entity under the joint venture called CAPGC, is the borrower, the people added.