IDB Invest buys Banistmo gender bond

IDB Invest buys Banistmo gender bond

Bonds Capital Markets Debt Corporate & Sovereign Strategy Fixed Income Panama US Colombia

IDB Invest said it has structured and acquired the first social gender bond in Latin America, a five-year, $50m paper from Panama's Banistmo. The Panama City-based bank will use the money to finance loans to small and medium-sized enterprises (SMEs) led by women, IDB Invest said in a press release. At least half the funds will go to commerce and services with no less than 80% of the loans for up to $250,000 each and the rest for up to $500,000 each, according to a document from IDB Invest. The e

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