Company name
Banco BBVA Perú
Project number
14655-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S category
FI-3
Country
Peru
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/04/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/25/2024
Approval date
11/05/2024
Signed date
12/05/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
Banco BBVA Peru and IDB Invest are evaluating a new operation through an international private issuance of senior Social Bonds that promote the financial inclusion of micro and small enterprises led and/or owned by women. The total amount of the issuance will be in Dollars of the United States of America (“US$”) up to US$200 million, composed as follows: (i) a subscription by IDB Invest for an amount of up to US$75 million; and (ii) an amount mobilized with other co-investors of up to US$125 million. The bonds will have a term of up to five years. The issuance of these bonds will require the approval of the Superintendence of Banks, Insurance and Private Pension Funds (“SBS”).
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
BBSRM.group@bbva.com
PHONE NUMBER
+57 3168744656
POST OFFICE ADDRESS
Av. República de Panamá 3055 - San Isidro Lima - Perú
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BBVA PERU SOCIAL BOND 14655-01-PE - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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