📋 Tender Overview
Location: Mongolia
Project number: 55099
Business sector: Agribusiness
Notice type: Private
EBRD Finance Summary: USD 51,650,000.00
Total Project Cost: USD 51,650,000.00
Project Description
The provision of a long-term, sustainability-linked loan of up to US$ 51.65 million to MCS Coca Cola LLC, a leading producer and distributor of soft drinks in Mongolia.
Project Objectives
The EBRD financing will support MCS Coca Cola to (i) renew, expand and modernise some of its production equipment and facilities, and (ii) realign its capital structure by refinancing financial debt to extend its maturity.
Furthermore, as part of this project and with the support of the EBRD and E&Y Sustainability France, MCS Coca Cola prepared its first Sustainability Linked Loan Framework.
Transition Impact
ETI score: 60
The transition impact of the project is expected to derive from the Green quality. It is based on the sustanability-linked loan targets under the SLL Framework, which entail that gradually by 2030: (i) water usage efficiency is targeted to improve by 25 per cent ; (ii) 51 per cent of all plastic used in packaging is targeted to be recycled, (iii) plastic waste collection rate is targeted to increase to 100 per cent. The project is assessed to have a GET share of 100 per cent.
