
Basic information
Financial Summary
Client
information
Client Contact Name: Eduardo O’Neill
Title: Financial Manager
Telephone: +598 2916 1444 Ext. 6335
E-mail: eoneill@bbva.com
Project
Scope
and
Objective
The transaction consists of an issuance of a Subordinated Sustainable Bond for an amount of up to US$15 million for a term of 10 years. The transaction seeks to confirm BBVA Uruguay's capital structure through the injection of TIER II and strengthen its sustainable portfolio. This will be the first thematic issue by a Uruguayan bank and will use the funds for energy efficiency projects, sustainable agriculture, sustainable construction, housing, development of the Small and Medium-Sized Enterprise (“SME”) segment in Uruguay, among others. Additionally, IDB Invest will support the entity through Advisory Services for: (i) segmentation of the sustainable portfolio; (ii) structuring the Framework of the Bond Issuance; (iii) hiring an independent third-party to issue the Second Opinion. The issuance is expected to contribute to the achievement of the United Nations General Assembly Sustainable Development Goals (“SDGs”) (SDGs 5,7,8,9, and 11, principally) and to the development of the Uruguayan capital market.