Ant Gets Asia’s Biggest ESG-Linked Loan in $6.5 Billion Deal

Ant Group Co. converted a syndicated credit facility into a $6.5 billion sustainability-linked loan last year, the largest of its kind in Asia-Pacific.

The fintech company made the conversion in November to bolster its environmental, social and corporate governance goals including cutting carbon and hiring underprivileged workers, the company said in a statement on Monday.

The transaction was supported by a group of 20 banks across US, Europe and Asia, Ant said. Citigroup Inc., Credit Suisse Group AG, JPMorgan Chase & Co. and Morgan Stanley were joint coordinators for the amendment exercise.

The sustainability-linked loan is the largest ...