IDB Invest subscribes to Banco W social bonds

IDB Invest subscribes to Banco W social bonds

Bonds Debt Capital Markets Fixed Income Loans Colombia Andean United States ESG Social Bonds

IDB Invest, part of the Inter-American Development Bank (IDB), said Friday that it acquired the COP150 billion ($40.3 million) in four-year social bonds from Colombia's Banco W, the first gender-focused notes issued by a microfinance lender in Latin America. Banco W will use the money to fund roughly 25,000 loans to micro-businesses run by women, IDB Invest said in a press release. "The financing will also contribute to the development of the capital markets and thematic bonds in Colombia and th

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