Deal · Guatemala
BLP advises IDB Invest on investment in second series of sustainable bonds issued by Banco Promerica in Guatemala
Banco Promerica has issued a second series of sustainable bonds in the form of book-entry securities, for a total of US$15 million. This issue is part of Banco Promerica’s US$500 million programme, which allows the bank to issue green, social or sustainable bonds up to that amount.
Banco Promerica has issued a second series of sustainable bonds in the form of book-entry securities, for a total of US$15 million. This issue is part of Banco Promerica’s US$500 million programme, which allows the bank to issue green, social or sustainable bonds up to that amount.
This bond issue will enable Banco Promerica to continue financing projects, companies and initiatives that promote inclusive growth and environmental sustainability in the country.
BLP advised IDB Invest, which acted as an investor in the public bond issue. The funds raised through this investment will support loans to micro, small and medium-sized enterprises owned by women, and finance green projects. This investment marks a milestone in a series of bond subscriptions aligned with the objectives of IDB Invest in Guatemala.
The BLP team on this transaction included Partners Pablo Umaña, Jorge Arenales and Senior Associate Anneliss Wohlers.
blplegal.com