BioAmber Inc fka BIOAQ

[bioaq_sh]

Didn't LCY adopt the ESG creed after PWC announced LCY's investment in Bioamber?
Is the ESG status considered a tangible or intangible asset?
How much would ESG status be worth?

Bioamber a environmental-friendly company with tangible assets such as a production plant & patents for producing bio-based chemicals such as BIO-SA & BIO-BDO. Sounds like ESG (imo).

After reading the August 08, 2023 article below about one of MUFG's (Mitsubishi UFJ Financial Group) key ESG deals (KKR/LCY, $1.2 billion) I do wonder what was leveraged in that $1.2 billion transaction.

"With a comprehensive global network, the bank’s strong suit is advisory and execution. MUFG has seen a significant increase in the volume of ESG deals in Taiwan, closing 12 such transactions in 2022 amounting to $2 billion. It served as sustainability coordinator or sole lender for 11 out of the 12 deals closed in Taiwan in the period, showcasing its segment expertise.

Key deals included:

- KKR-owned LCY Chemical Corp’s $1.2 billion multi-tranche syndicated SLL, in which MUFG participated as a MLA.The deal marked MUFG’s first leveraged finance transaction with KKR in Asia, and the largest sponsor-leveraged finance transaction completed in Taiwan."

https://www.financeasia.com/article/financeasia-awards-2022-2023-winner-write-ups-north-asia/485696