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 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 RISK MANAGEMENT Efficient and Secure Cash Management Solutions for Today’s Business Innovative, secure and efficient Collections, Payments, Liquidity Management and Channel solutions that drive efficiencies. Read more Podcasts Rate cuts and rand strength Could long-term trends around interest rate differentials bring a stronger currency our way? Find out in this episode of our Coffee Break Commerce podcast.
