June 23, 2022 |
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
Spanish bank's subsidiary raises $500 mln in its first ESG bond deal in the Mexican market