Envision Energy, the second-largest wind turbine manufacturer in China and fourth-largest in the world, made history in the Asian syndicated loan market in December last year, with its dual-currency, green and sustainability-linked term loan facility.
The deal was the first in the region to incorporate both green use-of-proceeds, as well as Science Based Targets initiative SBTi sustainability commitments earning it the “dual ESG” loan moniker. It was the first such facility to be raised by a China-headquartered multinational.
“The innovative structure, which combines the green use of proceeds with sustainability-linked key performance indicators KPIs, was well received by the market,” explained Sunil...
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