Bogota Leads the Way in Sustainable Finance with Historic Green Bond Backed by IFC and CAF
Colombia, Nov. 27 -- During the National Infrastructure Congress held in Cartagena, Colombia, the Mayor's Office of Bogota, the International Finance Corporation (IFC), a member of the World Bank Group, CAF (Development Bank of Latin America and the Caribbean), and the Delegation of the European Union in Colombia celebrated the success of Bogota's recent issuance of its first international green bond, while detailing the impact it will have on the city's development.The bond, announced a few days ago and structured in Colombian pesos for an amount equivalent to US$600 million (COP 2.3 trillion), marked a milestone in the region by attracting COP 3.1 trillion in demand-1.34 times the amount offered-and allocating 93.4% of the issuance to int...
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