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 Liquidity: Easing The Corporate Treasurer’s Pain Points James Stirling, Head of Liquidity Product, Absa CIB and Lumnandi Dambuza, Head of Liquidity: Africa Regional Office, Absa CIB, explore the changing demands on corporate treasurers, and the cash management solutions available. Read more RISK MANAGEMENT In the Race for Faster Cross-Border Payments, Speed Is Not the Only Issue International payments are the connective tissue of the global economy – enabling trade, investment, and capital mobility across borders. Yet despite their central role in the financial system, they remain stubbornly expensive and complex, creating real friction in the flow of capital and affecting everything from multinational supply chains to individual remittances. Read more RISK MANAGEMENT The Role of Custody Services in Building Investor Confidence Across Africa Despite a year characterised by economic uncertainty and understandable prudence, investor confidence is returning to Africa, with the continent being hailed as an attractive pivot point for investors reeling from policy shifts in the Global North Read more
