Colombia to stay local for green debut, plots govvie ETF, social bond

Colombia, Parque Tayrona, iguana, Caribbean, sea, environment, forest, LatAm, 575
By Oliver West
14 Jan 2021

Colombia tapped international bond markets for the first time since June this week. But it is the country's domestic bond market — which is 25% owned by foreign investors — that could be in for a particularly notable year, with the sovereign set to turn to pesos for its debut green bond in July. It is also laying the ground for a social bond and a government bond ETF.

After wrapping up a $2.8bn liability management exercise in dollar markets on Tuesday and Wednesday (see separate story), César Arias, head of public credit at Colombia’s finance ministry, told GlobalCapital that the government is planning to issue its first green bond in July.

But Colombia will buck the trend ...

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