BBVA ABS OPERATION FOR GREEN FINANCING

Promoter – Financial Intermediary

BANCO BILBAO VIZCAYA ARGENTARIA SA

Location

• Spain

Description

The operation will support BBVA financing climate projects carried out by small and medium sized enterprises (SMEs) and mid-caps in Spain.

Objectives

The aim is to enhance access to green mortgages for the final beneficiaries, in particular real estate developers.

Sector(s)

• Industry - Construction

Proposed EIB finance (Approximate amount)

EUR 350 million

Total cost (Approximate amount)

EUR 700 million

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 17/06/2024