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ANZ signs perpetually linked loan with Yumin Shipping
ANZ and Yumin Shipping Singapore, a subsidiary of Yumin, signed a USD 50 million "Sustainability linked loan" on March 16. The loan is for expanding the fleet. Yumin expects this year Delivered 11 ships, the newly purchased fleet will use energy-efficient engines and optimize fuel efficiency to meet the requirements of the International Maritime Organization (IMO) for carbon reduction. Regarding the perpetually linked loan, the Yumin Committee invited the external verification unit DNV to conduct a review to ensure that the goal of the loan is in line with the principles of perpetually linked loans and Yumin's business strategy.
As a leading domestic bulk shipping manufacturer, Yumin Shipping adheres to the belief of green shipping, builds intelligent and sustainable ships with the concept of energy saving and environmental protection, and combines the sustainable credit business of the financial industry to implement the goal of sustainable development. In order to leave a better environment for the next generation, Yumin will continue to expand green shipping business and smart ships, and build a new generation of bulk shipping fleet with energy saving, high efficiency, intelligence and safety features.
ANZ's "perpetually linked loan" business has been a market leader in Australia, New Zealand and Asia Pacific, and according to data from Bloomberg and ANZ, ANZ is involved in about 5% of global perpetual loans in 2021 Linked loan transactions, a total of 81 related transactions, with a total transaction size of 119 billion Australian dollars.
ANZ is the largest bank in both corporate treasury and interbank business in Australia and New Zealand, and ranks first in terms of client relationships and overall market and syndicated lead bank market share (according to Peter Lee Associates). For the fifth year in a row, ANZ ranked first for the quality of customer relationships in Asia and among the top six corporate financial services banks, according to the latest Greenwich Associates Asia Large Corporate Banking Survey.