AFII research now on the Bloomberg terminal. BRC <go>, Source: ANF, Set alerts
NAB gets called greenwasher by financial media due to its funding for the world's biggest coal export terminal, and Citigroup decides to take on a sole tier-1 lead in syndicating a USD450mn bond deal for the same cause.
(6 May 2021)
“National Australia Bank (NAB) group executive David Gall says the world's biggest coal export facility will be able to reduces its repayments if it meets social and environmental targets.” We review green bond issuer NAB's recent "sustainbility" loan to the Port of Newcastle and advice investors to review their exposure to NAB if they want to avoid coal financing.
(4 May 2021)