Lundbeck ties bank loans to sustainability targets

How much the pharmaceutical firm has to pay in interest on its EUR 1.5bn bank loans will now depend on its sustainability performance.

Lundbeck is coupling its loan interest rates to its sustainability performance | Photo: Lundbeck / PR

In a first for Lundbeck, the pharmaceutical firm has tied its interest rate on a number of bank loans to its sustainability targets, an email sent to MedWatch announces.

Lundbeck says that the cobbling of sustainability targets to loans will apply to its existing credit facility of EUR 1.5bn, which includes its banking group of Danske Bank, Jyske Bank, Nordea, Bank of America Europe, and a number of other international financial institutions.

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