Budweiser APAC Inks One of Drink Sector’s Top Asia ESG Loans
- Deal’s interest rate is tied to targets in four areas
- Water efficiency to be most challenging issue: Budweiser APAC
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Budweiser Brewing Co. APAC Ltd. has signed a sustainability-linked loan that would mark one of the largest deals of its kind for an Asia Pacific food and beverage maker.
The company announced the $500 million revolver with a group of lenders led by Bank of China Ltd. in a Monday statement. Interest rates on SLLs are based in part on environmental, social and governance targets. This is Budweiser APAC’s first SLL, according to Jan Clysner, the firm’s vice president of procurement and sustainability.