SINGAPORE (Reuters) – ING said on Friday that it has completed Ant Group’s first sustainability-linked derivative transaction worth $400 million, which is also the first in China’s technology sector.
The deal will give Ant Group, a financial affiliate of China’s tech giant Alibaba Group Holding, incentives for reaching greenhouse gas emission targets, ING said in a statement.
(Reporting by Yantoultra Ngui; Editing by Shri Navaratnam)
