Row rect Shape Decorative svg added to bottom 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 Why Mauritius remains central to Africa’s next growth corridor On 1 April 2021, India signed the Comprehensive Economic Cooperation and Partnership Agreement, its first trade agreement with an African country. It was signed not with a mining economy or a manufacturing powerhouse, but with Mauritius, a jurisdiction whose value has less to do with the size of its own market than with what businesses can do from inside it. Read more RISK MANAGEMENT Global Treasury Transformation. Local Market Execution. As treasury enters the age of AI, finance leaders are rethinking everything from liquidity management and forecasting to payments, working capital and cross-border transactions. Read more RISK MANAGEMENT Absa strengthens Africa–GCC trade and investment connectivity through DIFC Absa Corporate and Investment Banking is strengthening its international corridor network through its presence in the Dubai International Financial Centre (DIFC) Read more
