SCOPE: RG-T2720 – Support the emission of social bonds (Colombia – Bancoldex)
DESCRIPTION: The project consisted in supporting Bancoldex to evaluate the potential and feasibility of issuing a social bond and to support its own issuance. Thanks to this support from the IDB, in May 2018, Bancoldex issued the country's first social bond in the local market for 400 billion pesos. The tender has exceeded expectations, with 1.2 billion pesos in bids, 4.17 times more than the amount tendered. This was the first social bond issue placed in the main local market through the Stock Exchange of Bogotá.
SECTOR: Green Bonds
PROGRAM: Green Bonds
PROJECT TYPE: Technical cooperation
OPERATION NUMBER: RG-T2720