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Optus first Aussie telco to ink sustainability-linked revolving credit facility worth A$1.4 billion

Lim Hui Jie
Lim Hui Jie4/28/2022 5:53 PM GMT+08  • 1 min read
Optus first Aussie telco to ink sustainability-linked revolving credit facility worth A$1.4 billion
Photo Credit: The Edge Singapore/Samuel Isaac Chua
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Singtel subsidiary Singtel Optus has signed a A$1.4 billion ($1.37 billion) sustainability-linked revolving credit facility, becoming the first such revolving credit facility by an Australian telco.

The three-year revolving credit facility is launched under Olives, Singtel’s sustainable financing programme, and will mature on 24 April 2025.

The loan features interest rate discounts that are linked to Optus’ achievement of reducing its absolute greenhouse gas emissions by 25% by 2025, compared to a 2015 baseline.

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