IDB Invest subscribes to social bonds from La Hipotecaria

IDB Invest subscribes to social bonds from La Hipotecaria

Bonds Debt Capital Markets Fixed Income Economy & Policy Colombia Andean US

IDB Invest, part of the Inter-American Development Bank (IDB), said Wednesday that it acquired all COP52 billion ($13.9 million) in social bonds from mortgage lender La Hipotecaria in the first such sale by a private-sector lender in Colombia. La Hipotecaria priced the five-year notes at a fixed rate of 6.439%, according to information from the BVC stock exchange. It sold the notes to finance construction of social housing projects in Colombia as part of the government's plans to provide 520,000

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