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 Unlocking Growth Through Dynamic Supply Chain Finance Sudeera Harduth, Head: Supply Chain Finance Product Management, TxB Trade and Working Capital, Absa CIB, and Shanelle Maharaj, Manager: Operations, TxB Trade and Working Capital, Absa CIB, explain why cash flow remains king for business and unpack the value of bespoke supply chain financing solutions. Read more COMMERCIAL PROPERTY The Human Impact of Property Development: Establishing socially conscious economic hubs Just a few years ago, those driving between Pietermaritzburg and Durban would be confronted by kilometres of empty space between the two cities, an ever-widening highway, and field upon field of sugarcane. Read more RISK MANAGEMENT Creating Certainty: Local capital markets’ role in supporting sustainable development Some may say this is an understatement, but we are experiencing a year of significant economic uncertainty. The less certainty, the greater the financial instability, and as the International Monetary Fund so succinctly explained last year, unknowns raise the risk of financial market volatility alongside a sharp decline in economic growth. Read more
