The Hongkong and Shanghai Banking Corporation Limited, the Company''s secured lender, has revised spread from 200 bps to 233 bps on the Green Loan effective from June 6,2025
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Nirlon Ltd's secured lender, HSBC, has increased the interest spread on its Green Loan from 200 basis points (bps) to 233 bps, effective June 6, 2025. This is a 33 bps hike in the margin the company pays over the benchmark rate, raising its borrowing cost on this facility. The revision reflects HSBC's reassessment of the loan's pricing, which could indicate either a market-wide rate adjustment or a perceived change in the company's credit profile. No details were given on the loan's principal amount or the reason for the revision.
Higher interest expense going forward on this Green Loan, which will modestly pressure Nirlon's finance costs and reduce savings from the green financing. Investors should watch for any further commentary from the company on reasons for the spread hike and its impact on interest outflows.