SBI seals $1-b syndicated ESG loan from Japan, Taiwan

Mumbai: State Bank of India, the country's largest bank, has completed a $1 billion syndicated social loan facility in association with Japan and Taiwan-based lenders.

This is the largest loan linked to ESG (environmental, social, governance framework) taken by a commercial bank in Asia-Pacific and the second-largest social loan globally, SBI said in a release on Tuesday.

This is also SBI's inaugural social loan and the first syndicated loan in the past five years.


The facility of $1 billion was arranged through Japan's MUFG Bank and Taiwan's Taipei Fubon Commercial Bank Co. MUFG and Taipei Fubon Commercial Bank are the joint co-ordinators, while MUFG is the lead loan co-ordinator for this transaction.

"Issuance of our first social loan is an embodiment of our commitment to ESG, driven by our belief that our long-term success depends not only on our financial performance but also on our ability to make a positive impact on the environment, on society and on our stakeholders," SBI chairman Dinesh Khara said.