Evraz Plc Sustainability-linked loan with ING Bank (1456P)
October 14 2021 - 11:14AM
UK Regulatory
TIDMEVR
RNS Number : 1456P
Evraz Plc
14 October 2021
Sustainability-linked loan with ING Bank
14 October 2021 - EVRAZ plc (LSE: EVR, "EVRAZ" or the "Company")
announces that it has agreed a US$150 million sustainability-linked
loan with ING BANK with maturity in Q2 2026 (the "Loan").
The pricing mechanism of the Loan is linked to the management
score (the "Score") of the ESG rating provided by Sustainalytics.
Depending on this Score during each yearly period, the Loan
interest rate may decrease, stay unchanged or increase.
With this Loan EVRAZ has increased the share of sustainability
-- linked financing in its credit portfolio. In April 2021,
Raspadskaya, subsidiary of EVRAZ, signed a loan agreement with
SberBank with certain ESG commitments for a total amount of
US$200 million.
For further information:
Media Relations:
Moscow: +7 495 937 6871
London: +44 207 290 1096
media@evraz.com
Investor Relations:
Moscow: +7 495 232 1370
London: +44 207 290 1095
ir@evraz.com
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October 14, 2021 11:14 ET (15:14 GMT)
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