Cofide issues first green bonds

Cofide issues first green bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Energy Renewable Solar Wind Peru Andean

Peru's Cofide recently raised PEN100m ($30.1m) from the sale of its first green bonds in the local market. The state-owned development bank issued the three-year notes at 5.125% after receiving PEN141m in orders. Private pension funds, or AFPs, accounted for 80.5% of the orders, while mutual funds followed with 7.3%. Other buyers included brokerage houses with 6%, the public sector with 4% and insurance companies with 2%. The development bank has said it will use the proceeds from the green bond

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