Colonial Signs a New Sustainable Loan for €200 Million

5 May 2020 – Brainsre.news

The Socimi has signed a sustainable loan amounting to €200 million with a maturity date of 2022 with BBVA, BNP Paribas, CaixaBank and Natixis.

The listed Socimi Colonial has signed a new loan worth €200 million. It is a sustainable loan, with maturity in 2022, and it has been signed with BBVA, BNP Paribas, CaixaBank and Natixis. CaixaBank has acted as the agent bank and sustainability agent.

The loan comes after the agencies S&P and Moody’s decided to maintain Colonial’s credit rating. In this way, whilst most companies have suffered downgrades, Colonial has maintained its ratings of BBB + from S&P and Baa2 from Moody’s.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

44