The Board of Directors of Financiera de Desarrollo Territorial S.A. (FINDETER) approved the issuance of sustainable bonds up to 400 thousand million pesos, to finance projects aimed at mitigating climate change.

This will be the first sustainable Bond issued in Colombia. The issuance of this sustainable bond was made through a technical cooperation project with the Inter-American Development Bank (IDB) and the support of the Economic Cooperation Agency of Switzerland (SECO).

Hence, Findeter reaffirms its commitment to the reduction of greenhouse gas emissions, facilitating compliance with the Sustainable Development Goals and contributing to the construction of a more equitable and inclusive country, said Findeter president, Rodolfo E. Zea Navarro.

The bonds are to be placed in the local market in the second semester of this year, through the Colombia Stock Exchange (BVC), and may be acquired by pension and severance funds, insurers, and fiduciary funds, among others.

“Sustainable bonds are those that combine green projects – that is, those that mitigate the impact of climate change – and projects with positive social impacts”

Findeter, the development bank of Colombia, has been consolidating its role as the regional strategic partner of the country’s regions that generates well-being for the people of Colombia, through the planning, implementation and financing of sustainable projects, disbursing close to 18 billion pesos for sustainable infrastructure projects.