Tata Communications has closed its maiden sustainability linked loan or SLL.
The five-year SLL from three foreign banks is a part of the company’s new framework to link its funding with key objectives such as carbon emission reduction targets.
The company’s carbon emissions will impact the SLL interest rate margin, aligning with its global Net Zero goal by 2035
Australia-based ANZ acted as the lead sustainability coordinator for the loan. Singapore’s DBS Bank and Export Development Canada were the joint sustainability coordinators, the company said in a communique to the BSE.