The project consists in the subscription of the first Social Bond with a Gender focus, to be issued by Banistmo S.A. ("Banistmo") in the local market (private placement) for up to US$30 million, bullet, in a maximum five-year term. The proceeds will be used to finance projects with high positive social impact in the country, focus on women-led small and medium enterprises ("SMEs"). In order to validate the Bond as a Social Bond with a gender focus, the issuance will be certified by a third party -an independent consultant-, validating the emission at the local market and increasing impact investor's interest for the Bond. The Bond issuance (private placement) will be aligned with the Sustainable Development Goals ("SDGs") and the Social Bond Principles ("SBP") and will be the first one not only in Panama but also in Latin America.
Client Contact Name: Jessica Chen Wong
Title: Head of International Banking
Telephone: (507) 321-7239
For project inquires, including environmental and social questions related to an IDB Invest investment, please contact the client (see Investment Summary sheet) or IDB Invest via email at: firstname.lastname@example.org. As a last resort, project affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by email – email@example.com or MICI@iadb.org – or by calling +1 (202) 623-3952.