Vigeo Eiris provides the Peruvian company Ferreycorp with its ESG score for the first ESG linked loan in Latin America
This bilateral loan was signed with BBVA Continental, and the amount of 70 million dollars will finance the company's general needs
The Spanish bank BBVA cooperated with Ferreycorp to link the interest margin of the credit to the company’s ESG rating provided by Vigeo Eiris. This type of operation is the first one in Latin America.
This innovative credit transaction follows other operations launched by Red Electrica, Iberdrola, MAPFRE or Hera, earlier in 2018. It confirms the development of this new way to directly align the financing cost to the sustainability performance of a company.