Banco Pichincha, in Ecuador, will issue green bonds for the first time.

In the last quarter of 2019, Ecuador, for the first time, will tap the green bond market. Banco Pichincha, the largest bank in Ecuador, will be the first in issuing green bonds in the local market, aiming at raising as much as $ 200 millions to expand environmental loans, investments in renewable energy and energy efficiency, buildings and sustainable transport.