Porvenir invests in Sacyr toll road

Porvenir invests in Sacyr toll road

Project & Infrastructure Finance Toll Road Bonds Debt Fixed Income ESG Social Bonds Colombia

Colombian pension fund Porvenir acquired COP230 billion ($58.6 million) worth of bonds from a concessionaire controlled by Spanish construction company Sacyr to refinance the Rumichaca-Pasto toll road, local business newspaper Portafolio reported on Wednesday. Porvenir purchased the bonds as part of its environmental, social, and governance (ESG) investment strategy on the basis that the toll road will contribute to the development of the Nariño department, according to Portafolio.  The concessi

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