We are talking about a so-called sustainability-linked loan agreement with a framework of 303 million dollars, equivalent to 3.3 billion Norwegian kroner, due in 2029. No fewer than eight banks have agreed on the loan. Hence BNP Paribas, Citibank, Danske Bank, DBS Bank, IYO Bank, Nordea Bank, Oversea-Chinese Banking Corporation, and Standard Chartered Bank.
The loan agreement is secured by a fleet of nine chemical cargo ships, the report states.
The company has gone like a bullet on the stock exchange in the last three years and is up over 328 percent. So far this year, the share is up 31 per cent to NOK 66.30.
The aim of such a loan is to improve the borrower’s profile by linking credit agreements to sustainability goals.
“We appreciate the continued support of our banks and were able to achieve a very competitive pricing and financing structure. Through this loan facility, we will work together to contribute to the decarbonisation of the shipping sector,” says Hafnia’s finance director, Perry van Echtelt.
Made half a billion dollars
The tanker company Hafnia earned 213.3 million dollars after tax in the second quarter, corresponding to close to 2.3 billion kroner. In the second quarter of last year, the result was 186.2 million dollars.
With the result in the second quarter, Hafnia has earned 469.9 million dollars so far in 2023, and more than 1 billion dollars in the past year. It is therefore on track to break the performance record from last year.
2023-09-19 16:56:32
#Stock #market #rocket #secures #billions
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