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Prada signs industry’s first major sustainability loan

08/11/2019

Italian luxury fashion house Prada has signed a €50 million ($55.4 million), 5-year sustainability term loan with Crédit Agricole Group, the first of its kind in the industry. According to the agreement, interest rates can be lowered annually if agreed-upon sustainability targets are achieved.  Objectives, as chosen by Crédit Agricole from a list ...

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