Ecobank secures $200 million loan to fund climate ambitions
Ecobank secures $200 million loan to fund climate ambitions
In June 2021, ETI made a similar move and raised $350 million worth of Tier 2 sustainability notes. The bond's maturity date is June 2031.
According to ETI, part of its commitment to addressing the sustainability issues the company faces is creating a climate disclosure report that includes details on its green lending practices, susceptibility to both physical and intangible climate risks, and exposure to carbon-intensive industries.
Over the years, Proparco and Ecobank Group have continuously reinforced their partnership through Proparco’s provision of numerous loans, bond subscriptions and risk-sharing facilities including for trade finance to ETI and its subsidiaries, aimed at providing access to finance for underserved segments,” the document stated.
In June 2021, ETI made a similar move and raised $350 million worth of Tier 2 sustainability notes. The bond's maturity date is June 2031.
According to ETI, part of its commitment to addressing the sustainability issues the company faces is creating a climate disclosure report that includes details on its green lending practices, susceptibility to both physical and intangible climate risks, and exposure to carbon-intensive industries.
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