IVL lands Thailand's first green loans

Breaking News May 02, 2019 12:39

By The Nation

Indorama Ventures Public Company Limited (IVL), a global chemical producer, led by Aloke Lohia, centre, Group Chief Executive Officer, has clinched Thailand’s first green loans from Yasuhiro Kubota, fourth from right, General Manager of Japan’s Mizuho Bank.

The loans, for US$100 million (Bt3.1 billion) and EUR 100 million (Bt3.5 billion), are being provided in the forms of positive incentive loan (PIL) which the commercial terms are linked to the improvement in IVL’s ESG (Environment, Social and Governance) rating.

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