Colombia gets green light for ESG bonds

Colombia, Parque Tayrona, iguana, Caribbean, sea, environment, forest, LatAm, 575
By Oliver West
10 Dec 2020

Colombia’s finance ministry said on Wednesday evening that it had taken the “first step to entering the bond market for sustainable development” after Congress approved the issue of thematic bonds.

After a Senate debate that increased Baa2/BBB-/BBB- rated Colombia’s debt ceiling, finance minister Alberto Carrasquilla said that the government had received approval to issue green, social, blue, or sustainable bonds in line with international standards. Senate also authorised the finance ministry to design these bonds.

“I thank Congress for ...

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