December 23, 2019
Banco Pichincha has become the first issuer to sell green bonds in Ecuador's capital markets, raising $150 million to finance environmentally sustainable projects in the country.
IDB Invest, the International Finance Corporation (IFC) and the French development agency Proparco each bought $50 million in bonds, according to statements from IDB Invest and IFC.
The multilateral lenders did not provide details on the maturity or the pricing of the deal.
Banco Pichincha will use the proceeds to provi
IDB Invest, IFC and Proparco subscribe to the $150 mln deal, providing funds for the Ecuadorian lender to finance clean energy and waste management projects