October 27, 2022 |
Bancolombia said it sold COP640 billion ($131 million) worth of five-year sustainability-linked bonds (SLBs) in the local market to raise financing for social and green projects.
The Medellín-based bank priced the 2027 bonds at the IBR interbank lending rate plus 2.85%, it said in a securities filing on Tuesday.
The Inter-American Development Bank (IDB) and its private sector affiliate, IDB Invest, acquired COP550 billion in bonds as anchor investors, while Luxembourg-based green bond fund LAGre
Medellín-based bank issues $129 mln in five-year notes in a deal backed by the IDB