Nirlon's HSBC Green Loan Spread Reduced to 200 bps

Nirlon Ltd's lender, HSBC, has reduced the spread on its Green Loan from 233 basis points to 200 basis points, effective April 27, 2026. Concurrently, the benchmark rate type for the loan has been changed from a 1-month T-bill to a 3-month T-bill, also effective from the same date. This adjustment is expected to result in lower borrowing costs for Nirlon Ltd, following a prior temporary increase in the spread.