As a sustainability-linked term loan, it is the largest of its kind in the Asia Pacific loan market
On 26 April 2022, Syngenta Group (HK) Holdings Company Limited has entered into USD 4,500 million syndicated three-year sustainability-linked term loan facility with a syndicate of banks from various jurisdictions led by the Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, China Construction Bank Corporation, Hong Kong Branch and Crédit Agricole Corporate and Investment Bank. The initial size of this transaction was oversubscribed several times.
As a sustainability-linked term loan, it is the largest of its kind in the Asia Pacific loan market and has been the largest executed term loan facility in the Greater China loan market since the beginning of 2022 (according to Refinitiv). Syngenta Group’s global credit ratings are “A” from Fitch, “Baa1” from Moody’s and “BBB+” from S&P.
Syngenta Group, registered in Shanghai, China and with its management headquarters in Switzerland, has delivered strong growth with total sales of $2.4 billion in the first quarter of 2022. MAP revenues more than doubled to $650 million and continued to expand to 514 centers (149 new centers from end of Q1 2021) across China, with average MAP center sales up 57 percent year on year, serving farmers with solutions that increase yields and reduce greenhouse gas emissions.
