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Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO The Mexican arm of Spain’s BBVA granted a $30 million sustainability-linked loan to the local subsidiary of Thai petrochemicals producer Indorama Ventures. “This transaction will allow us to support and encourage companies and SMEs to continue and improve their sustainability strategies within the value chain in a highly specialized industry,” Álvaro Vaqueiro, head of corporate and investment banking at BBVA México, said Friday said in a press release. The rise of nearshoring has created new investment opportunities in Mexico, particularly companies from Asia, such as Indorama, the bank added. In Mexico, Indorama Ventures operates seven facilities across four states including Jalisco, Puebla, Querétaro, and Veracruz, where it makes products for industries such as automotive, textiles, and food and beverage, according to the release. ADVERTISEMENT More Sustainable Finance & Investment News FREE TO READ THANKS TO Banco W prints second social bond Gerdau snaps up hydro power plants Finanzauto taps Bladex for ESG loan IFC approves Banco Pichincha loan EDP Renováveis requests SLL from IFC CABEI, Funo price ESG bonds CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers Load more posts Something went wrong. Please refresh the page and/or try again.
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