October 27, 2020 |
Colombian microfinance lender is preparing to issue COP160 billion ($41.9 million) worth of social bonds in the local market, according to securities filings.
BRC Investor Services assigned the partially guaranteed long-term notes an AA+ rating on October 23. Earlier in the month, the Cali-based bank's board had allowed it to do the due diligence required to issue gender-focused social bonds.
Banco W issued COP150 billion worth of 7.5% 2022 bonds in May 2019 in a deal that was 2.4 times oversu
Colombian microfinance lender plans to raise $42 mln for gender-focused financing