Bancolombia prints local SLBs

Bancolombia prints local SLBs

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Colombia Sustainability-Linked IDB Invest Inter-American Development Bank (IDB)

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

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