Banco Bolivariano plans first blue bonds in Ecuador

Banco Bolivariano plans first blue bonds in Ecuador

Bonds Debt Fixed Income ESG Sustainable Development Bonds Ecuador United States

Ecuador's Banco Bolivariano plans to issue the first blue bonds in the local market next month, raising $50 million to provide financing for "sustainable, water‑related ocean business," according to IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB) IDB Invest will buy up to $40 million worth of five-year bonds, while another investor will acquire up to $10 million, according to a document on the multilateral lender's website. IDB Invest will also advise Banco

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