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Port of Newcastle deal – Key Facts
In May 2021, NAB announced its role in the development of a loan for Port of Newcastle. This loan aligned financing for Australia’s largest east coast seaport with long-term environmentally and socially responsible outcomes.
As Sustainable Finance Structuring Coordinator, NAB assisted in the development of both a sustainability-linked financing framework and green financing framework with Port of Newcastle.
This transaction has been widely reported across domestic and global media. Due to the complexity of the refinancing arrangement, some reporting has contained factual inaccuracies.
NAB is acutely aware of all the views around how to steward our planet safely and sustainably. We want to ensure the facts are clearly set out.