Dominion Energy links debt costs to sustainability goals on $7 billion credit facilities

Read the full story at ESG Today.

Electricity and natural gas provider Dominion Energy announced today the syndication of nearly $7 billion of credit facilities incorporating pricing linked to sustainability goals.

Sustainability linked loans and securities are an emerging form of sustainable finance instruments, with attributes including interest payments tied to an issuer’s achievement of specific sustainability targets. The instruments have been gaining significant popularity by issuers looking to enhance their ESG profiles and investors and financiers aiming to improve the impact of the capital they deploy.

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