-- True Corp., Thailand’s largest mobile phone operator, is syndicating a maiden yen-denominated sustainability-linked loan in a bid to cut financing costs as dollar interest rates remain elevated, according to people familiar with the matter.YouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging Minor
True’s latest borrowing is the first sustainability-linked loan—a type of financing that comes with commitments from borrowers to achieve certain environmental or social targets—denominated in the Japanese currency from a Southeast Asian corporate this year. While recent steps by the Bank of Japan to normalize monetary policy include lifting its benchmark interest rate out of its eight-year long negative territory to 0% to 0.1% in March, all that has been dwarfed by the Federal Reserve’s interest rate hikes, from just above zero in 2022 to a rate range of 5.25% to 5.50% since July 2023.