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Finance

Finance

The Davos Forum, organized by the World Economic Forum (WEF), has once again decided to postpone its in-person meeting due to COVID, just as it did in 2021. This edition has promised to be one of the most special to date because of the magnitude of the changes that have taken place since it was last held and the challenges society is facing. With the pandemic as a catalyst, but without forgetting its commitment to a more sustainable and inclusive world, this year the forum will focus on working together to rebuild. From May 22, 2022 - May 26, 2022, Davos will once again be held in person following a two year hiatus due to the pandemic. This year, the meeting was planned for January 17th - 21st, but it wasn’t possible due to the spike in COVID-19 cases. Instead, the Davos Forum has organized a series of online conferences.

In 2020, BBVA took a step forward to protect its employees and support its customers and society as a whole, to cope with the COVID-19 crisis. In a year marked by the virus, the bank has launched initiatives across the world to alleviate the financial burden of those worst hit by the pandemic and provide funding for the economic recovery.

In an interview posted on BBVA’s corporate website, Carlos Torres Vila takes stock of 2020 and offers his vision for next year. The Chairman assures that, despite its complexity, "it has been a year of relevant strategic achievements” and “we face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions." In this sense, and after the recent sale of the franchise in the U.S. and the ECB decision on dividend payments, BBVA considers “a sizeable share buyback¹ as a very interesting option.”

The repurchase of shares is one of the ways that companies have to pay shareholders. It consists of buying a package of its own shares, normally on the open market, and amortizing them (eliminating them) with the aim of raising the price of the remaining ones.

Invitation Homes [NYSE: INVH] announced that it has entered into a $3.5 billion syndicated sustainability-linked credit facility, where BBVA USA acted as sole Sustainable Agent & Coordinator, and as a Documentation Agent, Joint Lead Arranger and Joint Bookrunner.

With the announcement, Invitation Homes, a leading owner-operator of single-family rental homes, became the first U.S. Real Estate Investment Trust (REIT) to both link an Environmental, Social and Governance (ESG) score to pricing grid and to name a Sustainable Agent & Coordinator for their sustainability-linked revolving credit facility (RCF).