Volkswagen Group ties loan to sustainability target for the first time

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Volkswagen Group ties loan to sustainability target for the first time

Volkswagen Group ties loan to sustainability target for the first time

The Volkswagen Group has for the first time concluded a loan with terms tied to achieving a sustainability target (sustainability linked loan). The interest rate on the three-year €1.8 billion agreement depends on the Volkswagen Group achieving its CO2 fleet emission targets in Europe. The funds will be used for refinancing and to cover new liquidity requirements. The loan is provided by a consortium of banks comprising Crédit Agricole (coordination), Banco Santander, Bayerische Landesbank, Commerzbank, Intesa Sanpaolo and Société Générale.

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Volkswagen Group ties loan to sustainability target for the first time

2021-12-08 14:00

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