TCL Technology Secures Landmark $200 Million Sustainability-Linked Loan

TCL Technology Group Co., Ltd. has secured its first sustainability-linked syndicated loan, amounting to $200 million, marking an industry milestone as China's first such financial arrangement in the display panel sector. Lead arrangers and sustainability coordinators for this landmark deal included Bank of China (Hong Kong) Limited, HSBC, and Standard Chartered Bank (Hong Kong) Limited.

The loan is tied to key ESG performance indicators, with interest margins impacting based on the group's achievements. This mechanism not only highlights TCL's commitment to ESG strategies but also attracted significant interest from both domestic and international banks, exceeding initial subscription targets threefold.

TCL's leadership emphasized the importance of this development in strengthening their ESG management and sustainable finance tools. Through initiatives like the UN Global Compact membership and projects such as the TCLGreen initiative, the company is aligning its corporate strategy with global sustainable development goals.

(With inputs from agencies.)