Grupo Excala division prints SLBs in local market

Grupo Excala division prints SLBs in local market

Corporate & Sovereign Strategy Bonds Debt Fixed Income ESG Sustainability-Linked Capital Markets IDB Invest Colombia

Compañía de Empaques, the packaging division of Colombian conglomerate Grupo Excala, sold COP50 billion ($12.6 million) worth of sustainability-linked bonds (SLBs) in the local market on Friday, a company source told LatinFinance. Compañía de Empaques priced the five-year notes at the IBR interbank lending rate plus 3.7% with IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), as the sole underwriter, the source said. The Itagüí-based company offered to pay a s

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