- Banco Popular announces the first issuance of green bonds in public offering in Costa Rica
Banco Popular announces the first issuance of green bonds in public offering in Costa Rica
05/20/2021 Since 3 weeks
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:
BANDESAL launches the digital microsite of the Financing Facility “Energy Efficiency for SMEs”
The Development Bank of the Republic of El Salvador (BANDESAL), with the support of the Inter-American Development Bank (IDB), launched the digital microsite of the Energy Efficiency Financing Facility for SMEs, a pro...
Innovative platform for the green bond market
Latin America and the Caribbean (LAC) is one of the most vulnerable regions to the effects of climate change.
Green bonds are a relevant financial instrument to attract private investors to the region to support LA...
IDB Invest Supports Mercon to Strengthen Latin America’s Coffee Sector, Promoting Sustainability and Inclusion
IDB Invest will finance the Mercon Group with up to 50 million dollars to support the Latin-American coffee´s value chain, especially in Guatemala, Honduras, Colombia, Peru and Brazil. This investment is part of a 500...