Vigeo Eiris provides second-party opinion on the first green corporate loan in Latin America
Iberdrola Mexico will allocate US$400 million to refinance the construction of three wind farms in Mexico
Iberdrola, through its subsidiary Iberdrola Mexico and along with BBVA bank, has signed the country’s first corporate green loan made by a company in Latin America. The loan is worth $400 million US dollars over a five-year term, with the possibility of extending it for a further two years.
The loan will be used to refinance environmental projects, specifically three wind farms in Mexico.
Vigeo Eiris provided independent second-party opinion on the sustainability credentials and management of the loan, based on the due diligence covering the borrower and the loan (framework and refinanced projects).
Further information can be found here.
Green Loan, SUSTAINABLE FINANCE