UltraTech Cement raises $500-M via sustainability loan led by Japan’s Sumitomo

UltraTech Cement, an Aditya Birla Group company, has raised USD 500 million (about INR 4,000 crore) through a sustainability-linked loan with participation from six banks.Sumitomo Mitsui Banking Corporation acted as the sole coordinator for the transaction and served as the sole advisor on UltraTech’s Sustainability-Linked Financing Framework. Lenders for the transaction included SMBC, SBI, BNP Paribas, DBS, MUFG and Mizuho.This transaction marks the second sustainability-linked financing raised by UltraTech, subsequent to its inaugural sustainability-linked bond issuance in 2021.