Tata Communications closes maiden sustainability loan of $250 million from ANZ, DBS Bank and EDC

Tata's $250 million loan is linked to its progress on its carbon emission reduction, with the interest rate margin of the loan set to be adjusted based on these targets and the company's performance. ​"Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental milestones, are consistent with the company’s longer-term ambitions," a release from Tata Communications ​​​said