Connect with us

Business

How did the NAB (ASX:NAB) share price move today after landmark loan?

Published

on

National Australian Bank Ltd (ASX: NAB) shares were fairly flat in trading today, as news circled of the bank providing the world’s largest coal export terminal with a “sustainability-linked” loan.

The NAB share price spent most of the day bouncing around in the red before closing just 0.07% higher at $27.25.

Let’s take a closer look at the Port of Newcastle’s new $515 million loan and the conditions NAB has imposed upon it.

Port of Newcastle’s loan   

The loan, termed “landmark” by NAB, is marked with incentives for the port if it meets environmental and social metrics imposed by the bank.

The Port of Newcastle…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Rich countries must donate a billion vaccines by September or risk new COVID-19 variants – Sydney Morning Herald
Article feature image
Aussie wage growth expected to remain at record low as house prices rocket – NEWS.com.au