$52.2 Million Bond started for Latin America Environmental progress

Agriculture

The Development Bank of Latin America (CAF) announced the placement of the first green bond for an amount of $ 52.2 million, to finance various projects with high environmental and social impact in the region.

The financing, which will be for a term of ten years and a coupon of 6.75%, is part of CAF’s Green Bonds Emissions Program, for a total amount of $ 600 million, and will finance various projects in Ecuador, Panama and Peru.

The placement of this first green bond of CAF was in charge of JP Morgan.

“We are committed to the migration towards low carbon economies and resilient to climate change, so 28% of the total amount of credit and technical cooperation operations in 2017 corresponded to green financing,” said Luis Carranza, CEO of CAF.

 

READ MORE:http://laestrella.com.pa/economia/coloca-primer-bono-verde-522-millones/24064207

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