We advised IDB Invest on the registration with the National Registry of Securities and Issuers of the Colombian bond program for the issuance of ordinary, social, sustainable, and green bonds derived from the global debt program, and the authorization for a public offering under the same, as well as on the first social bond issuance for COP 100 billion.
This issuance is historic as it is the first social bond issuance by a multilateral bank in Colombia. It has been listed on the Colombian Stock Exchange, has a three-year term, and represents a milestone in the local capital markets by broadening opportunities for investors seeking high credit rating issuers who also wish to contribute with high social impact bonds.
These funds will be used to strengthen small and medium-sized enterprises (SMEs) and promote formal employment, aligned with IDB Invest’s sustainable debt framework.
Team
Daniel Londoño – Partner, Banking, Finance, and Capital Markets.
Néstor Pupo – Associate, Banking, Finance, and Capital Markets.