Banco W prepares social bond sale

Banco W prepares social bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Colombia

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial