BBVA Mexico closes $200M green financing deal with Deacero

BBVA Mexico congratulates Deacero on the successful closing of a green financing deal consisting of a 5-year straight loan that will be used to fund acquisition of steel for recycling and/or renewable energy, the company's main inputs.

Deacero is the world's leading producer of steel wire and Mexico's leading producer of long steel, rebar, and value-added steel products. The 100% Mexican company produces the most sustainable steel in the country, is the largest steel recycler in Mexico, and has an extensive diversification of markets, products and solutions in the North American region.

In addition, Deacero is distinguished by its strong commitment to sustainability and social responsibility, having adopted advanced recycling practices, recovering and recycling a significant amount of scrap metal to reduce its environmental footprint and promote a cleaner production cycle. This approach reduces its consumption of natural resources and minimizes carbon emissions.

We thank Deacero for their confidence in us. This operation reinforces BBVA's leadership in Mexico and we reiterate our commitment to supporting companies that work for the economic growth and environmental health of our country.