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ARTICLE · 25 JULY 2024

Sustainability – Linked Loans Financing Bonds – Guidelines Published

Matheson
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The Loan Market Association (the "LMA") and the International Capital Market Association (the "ICMA") have recently provided welcome guidance on sustainability-linked loans financing bonds...

IrelandFinance and Banking
Alan Bunbury
Alan Bunbury
Alma Campion
Alma Campion
John Adams
John Adams
Grace O'Donnell
Grace O'Donnell
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The Loan Market Association (the "LMA") and the International Capital Market Association (the "ICMA") have recently provided welcome guidance on sustainability-linked loans financing bonds ("SLLBs" and each an "SLLB"). On 25 June 2024, the LMA and ICMA published guidelines in relation to this type of bond instrument (the "Guidelines").

What is the relevance of the Guidelines?

The LMA and ICMA have published the Guidelines to encourage and promote the use of SLLBs in the market. The Guidelines provide detail and insights into core principles regarding the issuance and management of SLLBs. SLLBs are for issuers who want to finance or re-finance a portfolio of sustainability-linked loans (the "SLLs"), aligned with the sustainability-linked loan principles (the "SLLPs") published by the LMA and other industry bodies in February 2023. SLLs look to support a borrower in improving its sustainability performance. SLLs are any types of loan instruments and/or contingent

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