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Finance

Finance

This year, the Davos Forum will be celebrating its most special and challenging edition, in the midst of the ongoing COVID pandemic. For this reason, the 51st edition of the World Economic Forum (World Economic Forum, WEF) will be held in two phases: An virtual one in January and another one, face-to-face, in August. The summit will convene politicians, businessmen and representatives of social and cultural organizations at a crucial time for the world, under the tagline ‘The Great Reset‘.

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.

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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).