Contact Converts NZD$305m To Sustainability Linked Loans
Monday, 12 July 2021, 12:01 pm Contact Energy (Contact) now has New Zealand’s largest group of Sustainability Linked Loans (SLLs) after converting its remaining NZD$305m of bank facilities to SLLs. This conversion takes its current ANZ ($65m), BNZ ($50m), CBA ($60m), CCB ($60m) and Mizuho ($70m) facilities and converts them to an SLL with each bank. These will be governed by the same framework as Contact’s existing SLLs with Westpac ($50m) and MUFG ($75m). Contact’s total SLLs now amount to NZD$430m, which is the largest in New Zealand. A form of sustainable finance, SLLs are growing in...