BICE Sustainable Bond (IDBI-12440-01)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco de Inversion y Comercio Exterior, S.A. ("BICE")
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 24, 2019

Disclosed by Bank Dec 7, 2018


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Project Description

The project consists of an investment of up to US$30 million in a maximum 5-year term sustainable bond to be issued by Banco de Inversion y Comercio Exterior S.A. ("BICE"). Issue of this sustainable bond will be the first of its kind in Argentina; the proceeds will be used to finance projects with high positive environmental and social impact in the country.

Investment Description
  • IDB Invest (IDBI)

Investment type not available at the time of the snapshot.

Private Actors
Contact Information

Client Contact Name: Francisco Vila
Title: Assistant Manager for Funds
Telephone: +5411 43176900 ext. 1141
Email: fvila@bice.com.ar