ING completes Ant Group's first sustainability-linked derivative deal worth $400 million
FILE PHOTO: A booth of Ant Group is pictured at the Singapore FinTech Festival, Singapore, November 4, 2022. REUTERS/Anshuman Daga
SINGAPORE : ING said on Friday that it has completed Ant Group's first sustainability-linked derivative transaction worth $400 million, which is also the first in China's technology sector.
The deal will give Ant Group, a financial affiliate of China's tech giant Alibaba Group Holding, incentives for reaching greenhouse gas emission targets, ING said in a statement.
Source: Reuters
