Banco de Bogotá S.A.
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 80,000,000
Project scope and objective
The Project consists in providing Tier II subordinated financing to Banco de Bogotá for a total amount of up to US$505 million, as follows: (i) the IDB Group will provide an amount of up to US$80 million; and (ii) other co‑investors will provide an amount of up to US$425 million, through a private placement issued by Banco de Bogotá. The term of the financing will be up to 10 years. The resources will be used for strengthening the capital and expanding the green portfolio and social portfolio focused on Micro, Small and Medium-Sized Enterprises (“MSMEs”). The use of funds will allow the issuance to be labeled as sustainable under the International Capital Market Association (“ICMA”) thematic bonds principles.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
+57 601 3446009
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005