BBVA sells sustainable bonds in Mexico

BBVA sells sustainable bonds in Mexico

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BBVA México, a subsidiary of Spanish bank BBVA, said Wednesday that it raised MXN10 billion ($500 million) in its first sale of sustainable bonds in the local market. The bank said it priced the four-year bonds at the TIIE interbank lending rate plus 28 basis points and added that it will use the proceeds to fund loans to entrepreneurs, microenterprises and low-income households. The bond sale was 1.3 times oversubscribed with orders coming from 35 local investors, including brokerage firms, inv

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