GP counsels on Colombian bank’s first sustainable subordinated bond issue

Gómez-Pinzón has counselled IDB Invest, FinDev Canada, IFC – International Finance Corporation, and Finance in Motion, as investors, in the issuance of Banco de Bogotá’s first sustainable subordinated bond.

This transaction, which was for an amount of US$ 230 million, marks the issuance of the first sustainable subordinated bond by a Colombian bank in the international market.

The funds raised will be used to finance green projects including renewable energy, agriculture, sustainable transport and infrastructure, among others, as well as financing for micro, small and medium-sized enterprises led by women, and low-income housing.

GP’s team consisted of partner Daniel Londoño (pictured left), senior associate Catalina Prieto (pictured right), and associate Andrés Gómez.