December 24, 2020
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
US-based multilateral lender acquires $50 mln in seven-year notes to fund projects with "social benefits" in Minas Gerais