IVL Lands Thailands First Ever Green Loans

Stocks and Financial Services Press Releases Monday April 29, 2019 15:17
Bangkok--29 Apr--Indorama Ventures
  • USD and EUR loans linked to ESG performance
  • Lower borrowing rate thanks to IVL's superior sustainability model

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has clinched Thailand's first green loans from Japan's Mizuho Bank. The loans, for USD 100m and EUR 100m, are being provided in the forms of positive incentive loan (PIL) which the commercial terms are linked to the improvement in IVL's ESG (Environment, Social and Governance) rating. Mizuho Bank is part of the Mizuho Financial Group, one of the largest financial corporations in Japan.

Mr. Sanjay Ahuja, CFO of Indorama Ventures said, "We are pleased to acknowledge that we are the first company in Thailand to be provided funds linked to our ESG performance and thank Mizuho Bank for choosing Indorama Ventures. We place great emphasis on fiscal responsibility as well as sustainability and it is a great honor that Mizuho has recognized this. Indorama Ventures aspires to be a world-class company, and leading the way in green financing in Thailand is a proud moment for us."

About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world's leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company's portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 19,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Sustainability Index (DJSI).

Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in
EMEA: The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia, Austria
Americas: USA, Mexico, Canada, Brazil
Asia: Thailand, Indonesia, China, India, the Philippines, Myanmar
About Mizuho

Mizuho is one of the world's largest full-service financial conglomerates with total assets of approximately JPY 205.03 Trillion as at March 2018. Mizuho has approximately 60,000 employees in 117 locations outside of Japan and over 140 years of banking experience offering comprehensive financial and strategic services, including banking, securities, trust and asset management, credit card, private banking and venture capital, through its group companies including Mizuho Bank and Mizuho Securities. Mizuho is listed in the Dow Jones Sustainability Index (DJSI).


Latest Press Release

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)#

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to EASY BUY Public Company Limited's (EB; AA+(tha)/Negative) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to four years. KEY RATING...

Fitch Affirms Bangkok Aviation Fuel Services# #A(tha)# Rating, Rates Debentures

Fitch Ratings has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch Ratings (Thailand) Limited has also assigned BAFS's proposed senior unsecured debentures of as...

Australian enterprises hope high for third CIIE

Five Australian enterprises signed up for the next edition of the China International Import Expo during a roadshow by the CIIE Bureau in Sydney, Australia on Dec 2. The Australian business community has said that it is looking forward to next year's...

SpaceChain Sends Blockchain Technology to the International Space Station

SpaceChain announced that its blockchain hardware wallet technology is on its way to the International Space Station (ISS), aboard a SpaceX Falcon 9 rocket as part of today's CRS-19 commercial resupply service mission. This is the first technology...

TMRW by UOB, first bank in Thailand to enable fingerprint and facial biometrics for speedier and safer account opening

TMRW by UOB, the first mobile-only bank for ASEAN's digital generation, today announced that it has enabled fingerprint and facial biometrics to make it speedier and safer for customers to open their TMRW accounts. In doing so, TMRW is the first bank in...

Related Topics