Cia. de Empaques (IDBI-13189-01)

  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Bank Risk Rating
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
Aug 20, 2021
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.
Compañía de Empaques S.A.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 12.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 12.71 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 Jul 28, 2021

Disclosed by Bank Jul 2, 2021

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Project Description

The Project seeks to provide support to Compania de Empaques S.A. (the "Company") in the issuance of its first Sustainability Linked Bond ("SLB"). The total amount of the bond will be up to COP 50,000 million, amortizable in five years, regarding which IDB Invest will act as investor subscribing 100% of the issuance. The bond will include financial incentives if the Company meets certain key performance indicators ("KPIs") related to environmental and/or social issues. The funds of the medium-term bond will be used to finance the expansion of the production of more sustainable packaging and the strengthening of the supply chain made up by about 2,500 fique producers from rural and indigenous communities located in the Department of Antioquia and in areas such as Narino, Cauca, Boyaca and Cundinamarca in Colombia.


In addition, IDB Invest will support the Company providing technical assistance in the bond issuance preparation by: i) defining the KPIs and goals needed for the SLB and related to the Company's sustainability strategy to be used as input to develop the issuance framework; and ii) providing the external opinion or Second Party Opinion ("SPO") to be given as a result of the bond issuance in line with International Capital Markets Association ("ICMA") requirements, emphasizing that it will be the first transaction of this type for IDB Invest in Colombia.

Investment Description

Contact Information


PHONE: +1(202)-566-4566

ADDRESS: 1350 New York Ave NW, Washington, DC 20005


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