Bancolombia plans COP 600 billion sustainable bonds in three parts

By Marisa Wong

Los Angeles, Sept. 16 – Bancolombia SA announced it plans to price a public offering of sustainable ordinary bonds totaling COP 600 billion.

The bonds will be offered in three subseries with maturities of three, five and 12 years.

This will be the bank’s first issue of sustainable ordinary bonds and the second issue under its COP 3 trillion issuance program that covers ordinary bonds, green bonds, social bonds, sustainable bonds, orange bonds and subordinated bonds.

Proceeds from the sustainable bonds will be used to finance projects that meet certain eligibility criteria relating to renewable energy, energy efficiency, sustainable construction, circular economy, affordable housing, social infrastructure and empowerment of women.

The lender is based in Medellin, Colombia.

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