Mundo Mujer adds details to bond program

Mundo Mujer adds details to bond program

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Colombia ESG

Banco Mundo Mujer said it will sell both ordinary and social bonds with maturities of one to five years in Colombian pesos and inflation-adjusted UVRs under a recently announced bond program for COP750 billion ($212 million). The Popayán, Cauca-based microlender will use the proceeds from the social bonds to fund loans to micro-enterprises and use the proceeds from the ordinary notes to pay off debt and cover general corporate purposes, Mundo Mujer said in the program's prospectus. Bancolombia i

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