By Ben Otto
Budweiser Brewing Co. APAC Ltd. has secured a $500 million sustainability-linked loan, one of the largest deals of its kind by a listed consumer-goods company in Asia.
The three-year loan, from a consortium led by Bank of China Ltd., carries an interest rate tied to sustainability goals, including in climate action, water quality, package recycling and smart agriculture, Hong Kong-listed Budweiser APAC said Monday.
The deal comes amid rising appetite for sustainability-linked loans as ESG investing takes a firmer foothold in the region. Loans tied to environmental and social targets reached $14.76 billion in the first half of the year, according to data from Dealogic data, compared with less than $9 billion for all of 2020.
Last month, Taiwanese financial services company Hotai Finance Co. secured a sustainability-linked loan equivalent to about $107 million, while property developer Hongkong Land Holdings Ltd. announced a deal for the equivalent of about $674 million in credit facilities from five lenders.
Write to Ben Otto at firstname.lastname@example.org
(END) Dow Jones Newswires