$170 Million Raised on the 10th for Sustainable Production Investment
Significant Achievement in Successful Fundraising Despite Global Market Volatility
BNK Investment & Securities (CEO Shin Myung-ho) announced on the 20th that it co-led the green finance foreign currency syndicated loan for POSCO Future M with BNP Paribas Bank on the 10th.
Green finance loans are provided to support funds for eco-friendly projects and are used for projects related to sustainable development, energy efficiency, renewable energy, and resource conservation, with the purpose of having a positive impact on the environment.
This loan is POSCO Future M's first green finance case that meets international standards, jointly led by the global investment bank BNP Paribas, which also served as the Green Loan Coordinator, and verified by the internationally accredited certification body DNV (Det Norske Veritas).
POSCO Future M is a company that produces and supplies both cathode and anode materials, which are key materials for secondary batteries. Through this syndicated loan agreement, it raised USD 170 million with a maturity of three years. The raised funds will be fully utilized for investment purposes in the production of secondary battery materials.
No Hyung-seok, Director of BNK Investment & Securities Global Sales Team, said, “Despite the volatility of the global financial market, it is highly meaningful that we successfully led investment demand together with co-lead BNP Paribas,” and added, “We will continue to strengthen our ESG capabilities for sustainable development.”
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