March 10, 2022 |
IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said it fully subscribed to the first sale of sustainable bonds in Ecuador, a $50 million deal from local lender Produbanco.
The two-part bond sale raised $40 million to fund loans to small and medium-sized enterprises (SMEs) and $10 million to finance Produbanco's green portfolio, IDB Invest said in a press release on Tuesday. The second tranche included funds from the Canadian Climate Fund for the Americas (
IDB's private sector affiliate fully subscribes to a $50 mln deal by local lender Produbanco