BBVA funds credit lines for Cemex suppliers

BBVA funds credit lines for Cemex suppliers

Loans Mexico ESG Sustainability-Linked Debt

Mexican cement company Cemex has signed a MXN1.6 billion ($81.4 million) revolving credit line with the local branch of Spanish bank BBVA to provide sustainability-linked financing to suppliers at favorable rates, according to a press release. Through the arrangement, Cemex can provide loans to roughly 3,000 vendors that meet environmental, social and corporate governance (ESG) guidelines established by another party, the cement company said. Cemex added that suppliers could access the credit th

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