Green and ESG linked loans growing popularity
Green and ESG linked loans have shown resilience and growth throughout the pandemic. In the first three months of 2021, $85.5bn of ESG facilities were arranged, up by 93.3% from Q1 2020. ESG-linked loans which are not constrained by a green use of proceeds are by far the most popular facilities.
ENEL signed a €10bn revolving credit facility on 5th March 2021, the largest sustainability-linked loan signed on record. The most active sector in Q1 2021 has been utility & energy, food & beverage and finance with a 23.6%, 13.0% and 8.7% share, respectively.
More topics covered in the report:
- Booming US leveraged loans market the key driver
- Sustained shift in borrowing pattern
- Refinancing the main engine for growth
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