HONG KONG: A growing number of borrowers in Asia Pacific are getting loans whose interest rates are linked to meeting sustainability goals, in one of the few bright spots for a corporate lending market depressed by the pandemic.
The market for so-called sustainability-linked loans in Asia Pacific excluding Japan took off in 2017, and borrowers have steadily increased since then: 18 firms signed a total of US$7.4bil of such debt so far in 2020, compared with 16 companies raising US$7.5bil last year, according to data compiled by Bloomberg.
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