Promerica issues first sustainable bond in El Salvador

Promerica issues first sustainable bond in El Salvador

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Sustainability Bonds El Salvador ESG Sustainable Development Bonds

Banco Promerica has issued the first sustainable bond in El Salvador, selling $20 million worth of five-year notes to IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), the bank said in a tweet this week. The new 2027 bonds priced at three-month SOFR plus 6.1% and received a AA(slv) rating on the local scale from Pacific Credit Rating (PCR), according to a securities filing. The bank plans to use the proceeds to fund loans to small and medium-sized enterprises

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