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On 14 October 2021, EVRAZ plc announced it agreed a US$150 million sustainability-linked loan with ING Bank, maturing in Q2 2026. The loan's interest rate is linked to the management score of an ESG rating provided by Sustainalytics. This follows a US$200 million loan agreement signed in April 2021 by EVRAZ subsidiary Raspadskaya with SberBank, which included ESG commitments.
| Date | 14 Oct 2021 |
| Time | 16:14:14 |
| Category | Miscellaneous |
| ID | 1456P |
Sustainability-linked loan with ING Bank
14 October 2021 - EVRAZ plc (LSE: EVR, "EVRAZ" or the "Company") announces that it has agreed a US$150 million sustainability-linked loan with ING BANK with maturity in Q2 2026 (the "Loan").
The pricing mechanism of the Loan is linked to the management score (the "Score") of the ESG rating provided by Sustainalytics. Depending on this Score during each yearly period, the Loan interest rate may decrease, stay unchanged or increase.
With this Loan EVRAZ has increased the share of sustainability‑linked financing in its credit portfolio. In April 2021, Raspadskaya, subsidiary of EVRAZ, signed a loan agreement with SberBank with certain ESG commitments for a total amount of
US$200 million.
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