Colombia to issue $575 mn in Green bond auctions in 2021

Colombia plans to take advantage of the rise in socially conscious investing with the offering of its first green bonds. The government will issue as much as $ 575 million of the notes in monthly auctions in the second half of the year, and will continue the sales beyond that, said Cesar Arias, director of public credit. The peso notes will fund renewable energy generation, fleets of fuel-efficient vehicles and projects that fight deforestation, Arias said in an interview on Thursday. They will likely have a 20-year maturity.

Source: Bloomberg