The State Bank of India (SBI) announced the completion of a $1 billion syndicated social loan facility. It is the largest Environmental, Social, and Governance (ESG) loan by a commercial bank in the Asia Pacific and the second-largest social loan globally, the bank said.
The facility of $1 billion was arranged through MLABs, MUFG bank and Taipei Fubon Commercial Bank Co. Ltd. MUFG and Taipei Fubon Commercial Bank are joint social loan coordinators while MUFG is the lead social loan coordinator for this transaction.
This syndicated transaction is significant for SBI and the Indian ESG financing market. It is the bank’s inaugural social loan and the first syndicated loan in the past five years, the bank added. This inaugural ESG transaction underscores SBI’s longstanding commitment to supporting green and social projects in India, the bank said.
World Basketball Day 2025 highlights the remarkable journey of basketball from a simple indoor game…
The United Nations marked the second World Meditation Day on the 21st December with a…
The Winter Solstice 2025 occurs on Sunday, December 21 marking the shortest day and longest…
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…
The United States and Jordan have carried out a major military operation in Syria called…