Banco de Bogotá places sustainable bonds in the domestic market

Banco de Bogotá, a private Colombian banking institution controlled by Grupo Aval and serving nearly 10 million clients, has completed the issuance of ordinary sustainable bonds for an amount in local currency equivalent to approximately 125 million dollars, on the Colombian Stock Exchange.

The resources obtained will be used to finance and/or refinance eligible green and social projects that meet the criteria described in the Framework for Ordinary Sustainable Bonds, including: 1) renewable energy; ii) energy efficiency; iii) sustainable transportation; iv) sustainable construction; v) water efficiency; vi) circular economy; vii) MSMEs and MSMEs led by women; and viii) affordable housing.

The issuance is composed of two series with 2.5- and 4-year term respectively. The placement was oversubscribed by 2.3x the amount awarded.