UltraTech raises $500 million through sustainability-linked financing, ET RealEstate
NEW DELHI: UltraTech Cement has raised US$500 million through a sustainability-linked loan with participation from six banks.
Lenders for the transaction include Sumitomo Mitsui Banking Corporation (SMBC), SBI, BNP Paribas, DBS, MUFG and Mizuho.
SMBC acted as the sole sustainability coordinator for this transaction and served as the sole advisor on the cmpany’s sustainability-linked financing framework.
The transaction marks the second sustainability-linked financing raised by UltraTech, subsequent to its inaugural sustainability-linked bond issuance in 2021.
