Share Name Share Symbol Market Type Share ISIN Share Description
Polymetal International Plc LSE:POLY London Ordinary Share JE00B6T5S470 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.06% 1,558.50 1,557.00 1,558.50 1,563.00 1,551.50 1,561.50 63,898 08:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 2,095.5 1,027.6 168.2 9.5 7,381

Polymetal Agrees on New $400 Million Emissions-Linked Debt

24/05/2021 7:26am

Dow Jones News

Polymetal (LSE:POLY)
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By Jaime Llinares Taboada


Polymetal International PLC said Monday that it has agreed on $400 million of new sustainability-linked debt, with interest rates linked to greenhouse gas emission intensity reduction targets.

The Russian mining company said Raiffeisen Bank International AG will provide it with a four-year $200 million term loan, with an option to increase its size to $400 million, and UniCredit SpA will grant a five-year $200 million revolving credit facility.

The financing incorporates an adjustment mechanism that links the pricing for the loans to Polymetal's progress on its emissions reduction targets.

Polymetal has set targets to reduce its greenhouse gas emission intensity by 15% by 2025 and 30% by 2030.


Write to Jaime Llinares Taboada at; @JaimeLlinaresT


(END) Dow Jones Newswires

May 24, 2021 02:26 ET (06:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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