The loan agreed by Polymetal and Societe Generale in October 2020 is the first Green Loan in the Russian metals and mining industry. Based on the Company’s Green Financing Framework it will support Polymetal transition to a sustainable and low-emissions economy.
$125 million, 6-year tenor with a 3-year grace period, the loan can be automatically extended to 7 years on the first anniversary of signing.
This is the third ESG-related loan in the Company’s credit portfolio. Earlier, Polymetal raised two sustainability-linked credit facilities with one based on ESG KPIs and the other on sustainability rating from Sustainalytiсs.
The share of sustainability instruments now reaches 18% of net debt (as of 1 October 2020) or US$ 280 million in total.