IDB Invest issues local currency bond to finance green and social projects in Colombia

IDB Invest has placed its first sustainable bond denominated in Colombian pesos, through a 5-year bond for an amount equivalent to approximately 20 million dollars. Record Emerging Market Sustainable Finance Fund was the sole investor in the bond.

The resources will finance eligible green and social projects in Colombia, in accordance with the IDB Invest’s Sustainable Debt Framework, promoting economic growth and improved well-being of Colombians. The proceeds will support access to inclusive financing and provide technical and financial support for transportation, renewable energy and telecommunications infrastructure key projects, as well as innovative and environmentally sustainable corporate projects.