May 16, 2019 |
IDB Invest plans to increase its efforts to grow the number of social bonds issued in Latin America as investor demand increases, CEO James Scriven told LatinFinance.
Earlier this year, Banco Pichincha, with backing from IDB Invest, issued the first social bonds in Peru, a 10-year deal for $13m. The deal made Peru the fourth country in Latin America to open the market to social bonds, following Chile, Mexico and Colombia.
Ecuador and Panama may soon join the list of countries, Scriven said in
Ecuador and Panama could become the next countries in Latin America to open the market to the new notes