Latin America's green bond markets set for expansion

Latin America's green bond markets set for expansion

Brazil Colombia Mexico Bonds Special Reports

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

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