Green bond issuance in Colombia reaches $302 mn

The demand in Colombia for green bonds to help mitigate long-term environmental risks has been growing. Since 2017 to date, green bond issues have reached $302 million. Green bonds are debt securities in which the funds are used exclusively to finance or refinance, in part or in full, eligible Green Projects and that are aligned with the Green Bond Principles (GBP) with in order to help mitigate environmental risk on long-term investments. Colombia accounts for 5% of green bond issuance in Latin America, as of 2019, after Brazil, Mexico and Chile.

Source: El Nuevo Siglo