Palm oil processor Apical Group inks sustainability-linked loan

  • Date: 18-Oct-2021
  • Source: Global Trade Review
  • Sector:Oil & Gas
  • Country:Gulf
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Palm oil processor Apical Group inks sustainability-linked loan

Indonesian agribusiness Apical Group has secured its first sustainability-linked loan, borrowing US$750mn from a consortium of 22 banks led by First Abu Dhabi Bank (FAB).  Apical, a major processor of palm oil, says the transaction is “one of a few” deals within the sector where borrowing is linked to sustainability performance. It says incentives will be awarded ...

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Indonesian agribusiness Apical Group has secured its first sustainability-linked loan, borrowing US$750mn from a consortium of 22 banks led by First Abu Dhabi Bank (FAB).  Apical, a major processor of palm oil, says the transaction is “one of a few” deals within the sector where borrowing is linked to sustainability performance. It says incentives will be awarded ...