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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
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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
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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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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

112.6 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

BBSRM.group@bbva.com

PHONE NUMBER

+57 3168744656

POST OFFICE ADDRESS

Av. República de Panamá 3055 - San Isidro Lima - Perú

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .