INCO – Secured USD750 mn sustainability-linked loan

INCO – Secured USD750 mn sustainability-linked loan Vale Indonesia (INCO) has secured a Sustainability-Linked Loan (SLL) worth USD750 mn or equals to IDR13.53 tn, making it the first mining project in Southeast Asia to obtain this form of green financing. CEO Bernardus Irmanto highlighted that the facility carries competitive interest rates, which may decrease further upon achieving predetermined ESG targets. The proceeds will be strategically allocated to fund INCO’s major growth initiatives, with 2026 capital deployment targeting approximately 50% for IGP Pomalaa, 30% for IGP Morowali, and 20% for IGP Sorowako Limonite. In 2027, the funds will continue supporting these projects and ensure the fulfillment of participating rights in the company’s joint ventures. This financing underscores INCO’s commitment to responsible nickel production and decarbonization. (Source: Emiten news)