Banco del Austro from Ecuador places the first blue bond in Panama

Banco del Austro, a private bank from Ecuador with headquarters in Cuenca, has announced the placement of the first blue bond issued in the Panama stock market. The 5-year term bond is part of a series program for a total amount of 50 million dollars, issued by a guaranteed trust established in Panama, of which Banco del Austro is the guarantor. The Mercantile Group from Panama acted as co-structurer, lead manager and paying agent for the operation.

The program seeks to support strategic sectors that contribute to the blue economy in the region, such as sustainable fisheries and marine value chains, coastal climate adaptation and resilience, to renewable energy and marine pollution control.