July 21, 2017 |
Bancolombia first set foot in the market in December. Colombia’s largest commercial bank issued a 350 billion peso ($116 million) green bond to local investors, saying it would use the proceeds to fund private-sector projects that address climate change. Davivienda followed in April with a 433 billion peso deal, which the Bogotá-based bank said was the largest green bond issue by a private financial institution in Latin America.
On both occasions, the International Finance Corporation (IFC) was
Colombian issuers are joining the green bond club, as the market for socially-sound investment products looks set to grow