Adani Transmission’s $700 million loan gets ‘green loan’ tag

Adani Transmission Limited’s, $700 million revolving facility has been tagged as a ‘green loan’ by Sustainalytics. This assures the green loan framework for the revolving facility. Sustainalytics had issued the independent SPO on the alignment of the reviewed framework with the current market standards and the extent to which the eligible project categories are credible and impactful.

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About the project:

• A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw down or withdraw, repay, and withdraw again.
• The projects associated with the USD 700 million revolving facility are being implemented in Gujarat and Maharashtra.
• In October 2021, the company in a regulatory filing had announced raising USD 700 million for its under-construction transmission asset portfolio through the definitive agreements signed with leading international banks.
• MUFG Bank has acted as Green Loan Coordinator to the issuer for arranging the SPO on Green Loan Framework prepared by Adani Transmission.

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