BENEFICIARY NAME:

Bancoldex - Banco de desarrollo empresarial

COUNTRY: Colombia

SCOPE: Support the emission of green bonds (Colombia – Bancoldex)

DESCRIPTION: The project consisted of supporting Bancoldex to evaluate the potential and feasibility of issuing a green bond and to support its own issuance. Thanks to this support from the IDB, in August 2017, Bancoldex issued the country's first green bond in the local market for 200 billion pesos. The auction exceeded expectations, achieving a demand of 510 billion, more than 2.5 times the amount auctioned. This was the first green bond issue placed in the main local market through the Stock Exchange of Bogotá.

SECTOR: Green Bonds

PROGRAM: Green Bonds

SOURCE AND AMOUNT:

  • IDB $ 124,000.00

PROJECT TYPE: Technical Cooperation

OPERATION NUMBER: RG-T2720

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