June 25, 2020
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
Mortgage lender raises $14 mln to build social housing projects in Colombia