Baker McKenzie Wong & Leow advised MUFG Bank and Rabobank on the deal.
UPL Corporation Limited received $750 million in a financing round.
The loan – the first sustainability linked loan in India – was for an original loan amount of USD 500 million and was subsequently upsized to USD 750 million as it was over-subscribed. This deal was completed in March 2021.
The Baker McKenzie team was led by Kah Chin Chu (Picture), and associates Bernice Gan and Terrence Tim.
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