1. Home
  2. »
  3. News
  4. »
  5. Banco Popular announces the first issuance of green bonds in public offering in Costa Rica
NEWS
Banco Popular announces the first issuance of green bonds in public offering in Costa Rica
05/20/2021 Since 4 months

The Banco Popular y de Desarrollo Comunal de Costa Rica has announced a green bond public offering, which will be the first to be fully placed in the local market. The proceeds will be used to refinance green credit lines, specifically related to renewable energy, energy efficiency and water management projects.

The issuance is for an amount of approximately USD 80 million, with a five-year term and a risk rating of AA+ (cri) /scr AA+. This is the first issue linked to the Interbank Reference Rate (IRR). The company SCRiesgo is in charge of verifying the green issue, under the standards of the Bolsa Nacional de Valores (BNV) and the Climate Bond Initiative (CBI).

The projects financed with the resources of this bond will be aligned with the institution’s strategy, the Sustainable Development Goals (SDGs) and the Green Bonds Principles (GBP) issued by the International Capital Market Association (ICMA).

This post is also available in: Spanish

LATEST NEWS
FEBRABAN Banking Economy Award
Since 2009 FEBRABAN has been promoting the FEBRABAN Banking Economy Award, which aims to encourage debate and academic research on themes related to the financial market and banking economy. In this 13th Edition, a...
Since 3 days Read More
Climate Bonds Initiative highlighted key figures of Sustainable Debt Market 2021
Total volumes for labelled Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB) and Transition bonds reached nearly half a trillion (USD496.1bn) in the first half of 2021. This amount repres...
Since 1 week Read More
Uruguay wants to become a green hydrogen producer
Uruguay's Ministry of Industry, Energy and Mining announced a plan to develop green hydrogen projects for the decarbonisation of freight transport, the energy sector and industry, as well as for exporting the fuel to ...
Since 3 weeks Read More