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Banco Sol - Social Gender Bond (PCG)

Sector: Financial Institutions • Location: Bolivia

Source: Inter-American Development Bank (IADB)

Project
In Implementation

The proposed transaction consists in a guarantee denominated in bolivianos (BOB) for up to US$15 million to support an issuance in the Bolivian market of Social Gender Bonds in the amount of US$30 million byBanco Solidario, S.A.(“Banco Sol” or the “Bank”), to be financed by IDB Invest (the “Project”).IDB Invest will issue a Partial Credit Guarantee (PCG) for up to 50% of the bond issue in order to

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The project “Banco Sol - Social Gender Bond (PCG)” is an infrastructure initiative in the Financial Institutions sector, located in Bolivia. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

in implementation

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Description

Description

The proposed transaction consists in a guarantee denominated in bolivianos (BOB) for up to US$15 million to support an issuance in the Bolivian market of Social Gender Bonds in the amount of US$30 million byBanco Solidario, S.A.(“Banco Sol” or the “Bank”), to be financed by IDB Invest (the “Project”).IDB Invest will issue a Partial Credit Guarantee (PCG) for up to 50% of the bond issue in order to improve the rating profile of Banco Sol’s issuance.The resources of the bond will be used to finance micro and small-sized enterprises (“MSEs”) as well as MSEs owned and/or led by women so as to increase their productive investments and economic development.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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