Tuesday 16, October 2018 by Kudakwashe

DP World amends terms of $2 billion ‘green’ loan

 

The loan facility was provided by a total of 19 banks and was extended by two years due in 2023.

Dubai’s DP World has repriced and extended the maturity of a $2 billion ‘green’ loan comprising conventional and Islamic revolving credit facilities, reported Reuters.

The loan pricing is linked to the firm’s carbon emission intensity as a way to incentivise the company to reduce its greenhouse gas emission.

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