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 AWARDS Our digital investment in growing business on the continent is a winning formula Absa CIB is celebrating our ‘Best Use of Data and Analytics for CX’ and ‘Outstanding Digital CX – Trade Finance Initiative’ wins at the 2024 Digital CX Awards. The Digital CX Awards is the world’s only program dedicated to benchmarking innovation in Digital Customer Experience across the Financial Services sector. Read more Podcasts How The AfCFTA will enable digital trade In this podcast, we explore the opportunities of the African Continental Free Trade Area’s protocol on digital trade. What will it mean for cross-border trade, and what do African businesses need to know? RISK MANAGEMENT Why Africa can be the beating heart of South Korea’s technology industry Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities & Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set on Africa to nurture healthy investment possibilities. Read more