Bavarian Nordic converts credit facility to green loan
The terms of the loan are now linked to Bavarian Nordic’s sustainability strategy.
af marketwire
Vaccine manufacturer Bavarian Nordic has converted an undrawn credit facility of DKK 1bn into a sustainability loan, it has announced in a press release.
The terms of the loan are linked to Bavarian Nordic’s sustainability strategy.
”The interest margin will be adjusted based on the successful achievement of predefined KPIs in the following areas, subject to annual assessment by an independent third party,” the company writes.
The areas include access to medicines, supply chain responsibility and greenhouse gas emissions.
English edit: Catherine Brett
