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Sustainability and Responsible Banking

Sustainability and Responsible Banking

BBVA, as sole sustainability coordinator, advised Publiacqua, one of the major water management companies in Italy, on how to link its core bank financing to environmental targets. The transaction consisted of converting an existing loan of EUR 140Mn into a sustainability-linked loan with two pure water management KPIs. With this financing, Publiacqua becomes the first water utility company in Italy to have sustainability features in their financing instruments.