Crédit Agricole CIB Japan arranges Nipro’s first Sustainability-Linked Loan Transaction

Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”) Japan is pleased to announce its successful arrangement of the first Sustainability-Linked Loan (SLL) transaction for Nipro Corporation’s (“Nipro”). 

A Sustainability-Linked Loan is a loan whose pricing is linked to sustainability key performances indicators, encouraging the borrower to achieve its ESG strategy and goals.

In line with Crédit Agricole Group Medium Term Plan 2022’s commitment to society, Crédit Agricole CIB is actively supporting leading socially and environmentally engaged companies which implement best practices in terms of ESG in their business activities.

This is the first SLL transaction not only for Nipro but also for Crédit Agricole CIB in Japan, demonstrating Crédit Agricole CIB’s ambition to offer the wide range of ESG products, including SLL, to its Japanese clients to accompany their growing interest in this area and provide them with sustainable means of financing their business activities.

Nipro, as a global comprehensive medical equipment manufacturer, has been actively engaged in initiatives related to Sustainable Development Goals (SDGs), which align with its vision of contributing to society by providing a stable supply of essential medical products. Nipro established in 2020 its Social Bond Framework and has since then been actively using sustainable means to finance its activities.

This SLL, whose proceeds will be used for general working capital purposes, features preagreed performances indicators linked to Nipro’s ability to supply medical equipment essential to combat global health issues.