Although Environmental, Social and Governance-related (“ESG”) initiatives continue to face some political headwinds, and the ESG-linked debt market suffered a downturn in 2023, a nascent product type is piquing the interest of certain players in the sustainable debt space. Several debtors have entered the so-called blue financing space in an effort to contribute to the maintenance of the world’s waterways and demonstrate their commitment to ESG programs.
This Legal Update takes a look at the key trends and deal points in the emerging blue finance market, and highlights common themes that both debtors and creditors should consider.
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