Iberdrola and BBVA close a new pioneering sustainable transaction

BBVA has been the global coordinator and sustainable co-agent of Iberdrola’s new  €2.5 billion multi-currency syndicated loan. This operation, which was linked to two sustainable indicators, constitutes an industry milestone as it´s referenced to Risk Free Rates (RFR), which replace LIBOR and which will serve as a model for future financing in Spain. It’s also a unique transaction since Iberdrola has committed to donating part of its adjusted margin to sustainable projects. Read more