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Macquarie Group issues green loan facility

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Macquarie Group issues green loan facility

Macquarie Group Ltd. issued a £2 billion loan facility, with £500 million dedicated to green projects.

The green tranches will be used to support renewable energy projects initially, and energy efficiency, waste management, green buildings and clean transportation projects later on.

The tranches have maturities of three and five years, according to a June 13 release.

The Hongkong and Shanghai Banking Corp. Ltd., Sydney branch, and ING Bank NV acted as green structuring advisers. HSBC was also joint book runner, together with ING and Bank of China Ltd.