ANZ ties $50m loan for Synlait to environment, social and governance measures

ANZ ties $50m loan for Synlait to environment, social and governance measures
Rebecca Howard
By Rebecca Howard Sept. 24 (BusinessDesk) - Synlait Milk will reap cheaper interest costs if it hits various environmental, social and governance in a $50 million, four-year loan with ANZ Bank. However, if it falls short, that bill will be higher.  “This is the first time any New Zealand company has agreed with its bankers to link its sustainability agenda to its cost of funds. This is exciting and innovative,” Katharine Tapley, head of sustainable finance solutions for ANZ, told BusinessDesk.  The loan will effectively transfer ANZ’s...

More Finance

FNZ case adds plaintiffs in latest legal twist
Finance

FNZ case adds plaintiffs in latest legal twist

Employee shareholders at FNZ are using a second entity.

ANZ heads to court as select committee splits active litigation
Finance

ANZ heads to court as select committee splits active litigation

ANZ NZ consumer-finance case rumbles on as $300m settlement still on offer.

Andy Macdonald 21 Oct 2025
Disclosure breaches Class action against ANZ NZ continues
Finance

Disclosure breaches Class action against ANZ NZ continues

It comes as retrospective law tweaks fail to give relief.

Andy Macdonald 20 Oct 2025
Kiwi Capital Limited appoints Susan Peterson as chair
Finance

Kiwi Capital Limited appoints Susan Peterson as chair

New chair of Kiwibank parent company Kiwi Capital Ltd brings breadth of experience.

Staff reporters 20 Oct 2025