Metrovacesa SA (ES:MVC) has released an update.
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Metrovacesa SA has entered into a significant financial arrangement with Banco Bilbao Vizcaya Argentaria (BBVA) involving a syndicated loan valued between 47.5 and 51.5 million euros. The loan, which carries an interest rate pegged to Euribor plus 350 basis points, is set for a 60-month term and incorporates ESG-linked KPIs that may adjust the interest rate based on the company’s performance. This strategic move reflects Metrovacesa’s efforts to optimize its financial structuring while engaging with key financial stakeholders.
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