Siemens Gamesa turns bilateral factoring line green

By Mike Turner
26 Feb 2020

Siemens Gamesa, the Spanish wind turbine maker and servicer, has signed the first sustainability-linked factoring agreement in the country, bringing the hottest trend in lending to the usually staid world of niche trade finance.

Siemens Gamesa has agreed a factoring facility with CaixaBank. Its terms can be improved, in line with the borrower's sustainability rating. Further terms have not been disclosed. 

Factoring is a kind of short-term trade finance that allows companies to receive invoice payments early by turning over their accounts receivable ...

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