By Rashmi Kumar
17 Dec 2020
Asia’s first blue loan has sparked debate among market observers about the potential of the asset class amid rising interest from borrowers for ESG-focused funding. While expectations are high for the blue loan market’s development in 2021, challenges remain, writes Rashmi Kumar.
Thailand’s Indorama Ventures Public Company sealed a blue loan at the end of November. The $300m financing package comprised a $150m senior loan from the International Finance Corp and parallel loans of $150m from the Asian Development Bank and Deutsche Investitions- und Entwicklungsgesellschaft.The borrower produces and
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