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Project DCM #10

Sector: Financial Institutions • Location: Colombia

Source: Inter-American Development Bank (IADB)

Project
Repaid

The project consists of a subscription to a sustainable bond issue for up to COP$657,000 million to be issued by a Colombian entity through an offer on Colombia’s second market (segundo mercado). The bond issue will be divided in two tranches with a term of five and ten years, with a single payment at maturity. The funds from the issue will be used to finance projects that are aligned with the UND

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Project Information

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The project “Project DCM 10” 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

Sponsoring Agency

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Company

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Status

Original status

repaid

Taiyo status

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Email

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Description

Description

The project consists of a subscription to a sustainable bond issue for up to COP$657,000 million to be issued by a Colombian entity through an offer on Colombia’s second market (segundo mercado). The bond issue will be divided in two tranches with a term of five and ten years, with a single payment at maturity. The funds from the issue will be used to finance projects that are aligned with the UNDP Sustainable Development Goals related to environmental and social impact issues. A methodological framework will be defined that contains some eligibility criteria and impact indicators, facilitating the correct selection and monitoring of the projects to be financed.IDB Invest will provide technical assistance to obtain a third-party opinion to validate and confirm the suitability of the methodological framework being used.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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