24th May 2021 07:47
(Alliance News) - Polymetal International PLC on Monday said it has agreed USD400 million worth of sustainability-linked loans.
The financing includes a four-year USD200 million from Russian lender AO Raiffeisenbank and a USD200 million revolving credit facility with Milan-based UniCredit Spa.
"The two loans significantly contribute to the company's portfolio of sustainability-linked and green financing which now amounts to USD680 million and comprises approximately 40% of total debt," the gold miner said.
The interest on the loans will be linked to Polymetal's greenhouse gas emission reduction targets, the company explained.
Polymetal added: "Polymetal recently published its first climate change report setting a strategic goal to reduce GHG emission intensity by 30% by 2030, including the intermediate target of 15% by 2025."
By Eric Cunha; [email protected]
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