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LMA publishes overview detailing current approaches to ESG provisions

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Published on: 26 April 2021

Published by LNB News

LNB News 26/04/2021

Document Information

Issue Date: 26 April 2021

Published Date: 26 April 2021

Jurisdiction(s): United Kingdom

Article summary

The Loan Market Association (LMA) has published an overview of current approaches to environmental, social and governance (ESG) provisions, emerging trends and areas for future development in 2021. The LMA noted that transactions with ESG margin ratchets are increasing in the European leveraged loan market and are being adopted by both borrowers and investors. It was found that in 2021 ESG margin ratchets were in 40% of European syndicated leveraged loans in a variety of sectors, representing a significant uptick from 2020. The overview also addressed the underlying elements of ESG margin ratchets and considered other ESG-related developments in the wider market.

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