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Finanzauto drafts sustainable bond program

Finanzauto drafts sustainable bond program

April 13, 2022 | John Quigley
Colombian car loan specialist expects to issue up to $26 mln in the local market to finance green and social projects

Bonds Debt Fixed Income Corporate & Sovereign Strategy ESG Sustainability Bonds Sustainable Development Bonds Green Finance Social Bonds Capital Markets Colombia

Colombian car loan specialist Finanzauto has laid out its plans for a sustainable bond program worth up to COP100 billion ($26 million) in the local market. The notes will have maturities of between one and three years and the program could be spread out over as many as 12 issues, according to a prospectus from Finanzauto. Local bank Bancolombia will put up guarantees to cover 40% of each issue, Finanzauto said in the prospectus. Finanzauto added that it will use the proceeds to finance a range

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