DEALS Sustainable financing structures for growing places Absa | Corporate and Investment Banking > Insights and Events > Sustainable financing structures for growing places SHARE We are proud to have acted as Mandated Lead Arranger, Sustainability Co-ordinator and Lender to refinance Pareto’s current borrowings. Combining Absa’s understanding of the Pareto Group and our market leading sustainable financing expertise, we were able to raise over R9bn of demand for the transaction. Pareto, as a leading corporate citizen in South Africa and dedicated sustainability player, has allocated two thirds of the transaction to a “Sustainability-Linked” format. By achieving annual sustainability targets, Pareto will enjoy a pricing benefit, which will be used for water saving initiatives across the property portfolio. This deal underscores Absa’s commitment to providing innovative capital markets solutions that promote environmental protection and inclusivity within society. The bravery to imagine. That’s Africanacity. Find out more about our Commercial Property Finance solutions Contact us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles RISK MANAGEMENT Black Friday, the Rand and the Trump Effect Paul Fenwick, CFA: FX Desk Head Markets at Absa Corporate and Investment Banking, explains how the rand’s reaction to the US election will – and won’t – impact retailers ahead of the Black Friday sales Read more RISK MANAGEMENT From Feature Phones to Future Finance: How Digital Wallets Are Reshaping Cash Management Beverley Chiluba, Head: Transactional Banking and Products and Setumo Seroka, Head: Cash Management Sales (International) at Absa CIB, unpack how digital wallets captured the African market, and how they’re reshaping the future of cash management for corporates. Read more RISK MANAGEMENT How we’re leveraging GenAI for human-centric insights Naomi Parsons, Head of Digital Delivery, Absa CIB, examines the dual role that Generative AI can play in the banking space by merging digital technology with deeply human insights. Read more
