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Vena Energy bags $550m credit facility green letter

The facility will be used for projects that will address its environmental objectives.

Vena Energy secured a five-year $550m multicurrency unfunded Green Letter of Credit Facility which will be used to support projects that will contribute to climate change mitigation and pollution prevention and control.

In a statement, Vena Energy said  BNP Paribas, Crédit Agricole Corporate and Investment Bank Singapore Branch, DBS Bank Ltd., ING Bank N.V. Singapore Branch, Intesa Sanpaolo S.P.A. Hong Kong Branch, MUFG Bank Ltd. Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch are the mandated lead arrangers of the facility.

ALSO READ: Vena Energy signs framework deal to boost Indonesia’s RE supply chain

MUFG Bank Ltd. Singapore Branch is the facility agent, whilst Credit Agricole Corporate and Investment Bank Singapore Branch and MUFG Bank Ltd. Singapore Branch are the original issuing banks.

“This facility will be instrumental to our organic growth across the region, as we continue to pursue our mission to accelerate the energy transition across APAC,” said Vena Energy Chief Investment Office Simone Grasso.

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