Budweiser Brewing Co. APAC Receives $ 500 Million Green Loan

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Ben Otto

Budweiser Brewing Co. APAC Ltd. received a US $ 500 million sustainability loan, one of the largest deals of its kind among a listed Asian consumer goods company.

The three-year loan from a consortium led by Bank of China Ltd. provides an interest rate linked to sustainable development goals, including climate change, water quality, packaging recycling and smart farming, Budweiser APAC, a company registered with Hong Kong.

The deal comes amid growing interest in sustainable loans as investments in ESG strengthen in the region. Loans tied to environmental and social goals reached $ 14.76 billion in the first half of the year, up from less than $ 9 billion for all of 2020, according to Dealogic data.

Last month, a Taiwanese financial services company, Hotai Finance Co. received a sustainability loan of approximately $ 107 million, and developer Hongkong Land Holdings Ltd. announced a deal equivalent to approximately $ 674 million in lines of credit from five lenders.

Email Ben Otto at ben.otto@wsj.com

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