June 30, 2022 |
Colombian lender Bancolombia said Tuesday that it received board approval to issue up to COP640 billion ($155 million) in sustainability-linked bonds (SLBs) in the local market, according to a securities filing.
Bancolombia plans to sell the five-year SLBs to institutional investors, including multilateral lenders, to fund loans for sustainability projects, it said in the filing.
IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), told LatinFinance in May that
Colombian lender plans to issue up to $155 mln in five-year bonds to fund loans for sustainability projects