Colombia to Cash in on ESG Boom With Monthly Green Bond Auctions
- Peso-denominated notes will fund environmental projects
- Ministry will pursue debt buy backs, credit director says
An electric taxi (C, green) drives along a street in Medellin, Colombia, on September 19, 2019.
Photographer: JOAQUIN SARMIENTO/AFPThis article is for subscribers only.
Colombia plans to take advantage of the rise in socially conscious investing with the offering of its first green bonds.
The government will issue as much as 2 trillion pesos ($575 million) of the notes in monthly auctions in the second half of the year, and will continue the sales beyond that, said Cesar Arias, director of public credit.