IFC funds Sabadell's green loans in Mexico

IFC funds Sabadell's green loans in Mexico

Loans Debt Structured Finance Mexico US Europe

The International Finance Corporation (IFC) said on Monday that it has granted a $100m loan for Spanish bank Sabadell to fund the construction of green buildings in Mexico. Sabadell will lend the money to the developers of hotels and buildings that practice efficient energy use, rational water management, waste removal and the reduction of harmful emissions, IFC said in a press release. Sabadell requested the loan in July last year. The bank's Spanish branch has fully guaranteed the financing, a

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