BNP Paribas (EU:BNP)
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By Dieter Holger
Deutsche Boerse AG (DB1.XE) has received a 750 million euro ($847.3 million) line of credit linked to its sustainability performance, jointly financed by BNP Paribas SA (BNP.FR) and Commerzbank AG (CBK.XE), the company said Tuesday.
The conditions and financing costs of the credit line will be reaffirmed depending on the environmental, social and governance rating that Deutsche Boerse receives from Sustainalytics, an ESG rating agency that verifies Deutsche Boerse's metrics yearly.
The credit line was granted to Deutsche Boerse, which operates Frankfurt's stock exchange, and its Clearstream Banking SA subsidiary.
Loans that use sustainability metrics are growing more popular among European banks. Last week, Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) issued its first sustainability-linked loan to a French company.
Write to Dieter Holger at email@example.com; @dieterholger
(END) Dow Jones Newswires
March 26, 2019 08:22 ET (12:22 GMT)
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