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Finance

Finance

Following the request from Spanish Public Prosecutor’s Office’s on July 24th, the Central Investigating Court number 6 of the National High Court today declared BBVA as an investigated party of piece number 9 of the ‘Tándem’ case -which is under secrecy order- for bribery, unveiling and revelation of secrets and business corruption. The condition as an investigated legal entity does not imply -in this preliminary phase of the process- a formal accusation for any crime.

Based on the exponential growth of the issuance of green, social and sustainable bonds in the past 12 months, it is fair to say that we are no longer talking about a passing fad, but rather a phenomenon that is here to stay. More companies, as well as investors, are incorporating ESG (Environmental, social and corporate governance) objectives in their investment agendas. BBVA Global Markets Research discusses the ESG bond market, its volumes and main topics in their report ‘ESG Bonds: Key topics and trends for 2019 and beyond – Getting the harmony right’.

Fotografía de Activos inmobiliarios, edificio, sostenibilidad, plantas, vegetación, verde, ventanas

BBVA served as sole sustainable agent in the first syndicated revolving credit facility in Latin America, signed with Fibra Uno, a strategic client for the bank. The transaction is also the first sustainable transaction by a real estate business in the region and the first facility to be arranged in accordance with the ‘Sustainability-Linked Loan Principles’ in Latin America. BBVA was also the joint bookrunner and lead arranger in the transaction, which involved a  total of 11 banks.

The Spanish Public Prosecutor’s Office announced this morning that it has requested the Central Investigating Court number 6 of the National High Court to declare BBVA as an investigated legal entity as part of piece number 9 of the ‘Tándem’ case, which is under secrecy order.