By Dieter Holger
Banco Bilbao Vizcaya Argentaria SA said Monday that it now sells so-called sustainable finance contracts that support green or social causes to individual investors.
The contracts mature over a three year period and guarantee a return of 95% with an additional 0.80% coupon for the amount invested, BBVA said.
BBVA said the return on the remaining five percent depends on the price changes for a basket of three stocks: German manufacturer Siemens AG, French insurer AXA and Spain's fashion retail giant Inditex SA (ITX.MC).
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