Proyecto DCM #17 (IDBI-13166-01)

Countries
  • Colombia
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
Proposed
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
Sep 28, 2020
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
Capital Markets
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)
$ 40.00 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 Aug 31, 2020


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Project Description

The project consists of a subscription of a social bond with a focus on gender for up to the equivalent in Colombian pesos to US$40 million, to be issued by a Colombian entity through an offer on Colombia's Second Market. The issue will be divided into two series: (i) Series A, for the equivalent in Colombian pesos of up to US$ 20 million, which will be committed, and will have a term of up to 3 years with a bullet payment; and (ii) Series B, for the equivalent in Colombian pesos of up to US $ 20 million, which will be uncommitted and will have a term of up to 5 years.

The proceeds from the issue will be used to grow the entity's portfolio of loans aimed at women-led micro enterprises projects promoting gender equality in the country, in line with UNDP Sustainable Development Goal 5 on gender equality. A methodological framework will be developed setting eligibility criteria and reporting indicators to enable the proper selection and monitoring of projects to receive financing.

IDB Invest will provide technical assistance to obtain a second party opinion confirming the suitability of the methodological framework. IDB Invest will also help the client build a gender-based commercial strategy.

Investment Description
  • IDB Invest (IDBI)

The "Investment Type" was not available at the moment of the snapshot.

Private Actors
Contact Information

The "Contact Information" was not available at the moment of the snapshot.