El Salvador authorizes the issuance of its first sustainable bond

The Financial Superintendency of El Salvador (SSF) authorized the issuance of the first sustainable bond in the country, to be issued by the private sector, for an amount in local currency equivalent to approximately 11.4 million dollars. The objective of the issuance is the financing and refinancing of credits for SMEs and companies led by women and young people. Additionally, the proceeds will finance a portfolio of green projects in renewable energy, clean transportation, sustainable agriculture, energy efficiency and drip irrigation.

Sustainable Bonds are instruments traded on the El Salvador Stock Exchange (BVES) under the “Green, social and sustainable bonds Guidelines for the Stock Market in El Salvador”, published in August 2021.