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Issue 35: Royal Golden Eagle’s curiously risky hedge; buying up green feedstock

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Kenneth Lim

Kenneth Lim

Published Wed, Sep 13, 2023 · 04:28 PM
    • Royal Golden Eagle’s (RGE) sustainability-linked interest rate swap is used as a partial hedge for its sustainability-linked loans, which raises the possibility of the resources group getting penalised twice if it misses its sustainability targets.
    • Royal Golden Eagle’s (RGE) sustainability-linked interest rate swap is used as a partial hedge for its sustainability-linked loans, which raises the possibility of the resources group getting penalised twice if it misses its sustainability targets. ILLUSTRATION: KENNETH LIM

    In this issue: A sustainability-linked swap could expose Royal Golden Eagle to additional risk, while regional players are rushing for a limited supply of biofuel feedstock.

    Singapore

    A sustainability-linked, risk-raising rate swap

    If you thought sustainable debt was already a handful to grasp, this week we’ll enter the dark and twisted world of sustainability-linked derivatives (SLDs). Let’s see how deep this hole goes!

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