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DEALS

Sustainable financing
structures for growing places

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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. 

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