IDB Invest buys BDMG's first sustainable bonds

IDB Invest buys BDMG's first sustainable bonds

Bonds Debt Capital Markets Fixed Income Funds Loans Project & Infrastructure Finance Structured Finance Energy Renewable Brazil US

IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said Wednesday that it acquired all $50 million in sustainable bonds issued by the Minas Gerais state development bank BDMG. The seven-year notes mark the first sustainable bond sale by a Brazilian financial institutional in the private placement market in the United States, IDB Invest said in a press release. BDMG will use the money to fund projects with "social benefits" in the state of Minas Gerais, includin

Already have an account?

Free trial

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

Free Trial