April 7, 2022 |
Movistar Colombia, part of the Spanish telecommunications company Telefónica, has taken out a sustainability-linked loan for COP300 billion ($80 million) from BBVA to fund energy saving projects.
BBVA originally granted the loan in 2020, but it converted it to a sustainability-linked loan after a review of the key performance indicators by Valora Consultores, the Spanish bank's Colombian branch said in a press release on Tuesday.
Energy is the part of the value chain with the best opportunities
Telefónica subsidiary borrows $80 mln from BBVA to fund energy saving projects