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Bancamia: Amazonia Bond to Increase Financing in Colombia’s Amazonia Region

Sector: Financial Institutions • Location: Colombia

Source: Inter-American Development Bank (IADB)

Project
In Implementation

The project involves supporting Banco de las Microfinanzas S.A. (“Bancamia” or the “Bank”) in the first issuance of an Amazonia Bond, senior, unsecured, denominated in Colombian Pesos (“COP”), to be placed in Colombia’s secondary market. The total expected issuance amount is up to COP80,000 million, to be subscribed by IDB Invest. The bond could have a maturity of up to four years, with bullet pay

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Project Information

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The project “Bancamia: Amazonia Bond to Increase Financing in Colombia’s Amazonia Region” is an infrastructure initiative in the Financial Institutions sector, located in Colombia. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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in implementation

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Description

Description

The project involves supporting Banco de las Microfinanzas S.A. (“Bancamia” or the “Bank”) in the first issuance of an Amazonia Bond, senior, unsecured, denominated in Colombian Pesos (“COP”), to be placed in Colombia’s secondary market. The total expected issuance amount is up to COP80,000 million, to be subscribed by IDB Invest. The bond could have a maturity of up to four years, with bullet payment. The use of proceeds from the bond will follow the eligibility criteria defined in the Amazonia Bond Framework, which is aligned with the Green, Social, and Sustainability Bond Principles established by the International Capital Market Association (“ICMA”). It will also adhere to the voluntary guidelines outlined in the “Amazonia Bond Issuance Guidelines” developed by the Inter‑American Development Bank (“IDB”) and the World Bank and will be verified through a Second Party Opinion (“SPO”).

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Source reliability

High

Data quality score

100%

Source

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URL

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