News
23 December 2019

IFC invests in the first green bonds issuance in Ecuador by Banco Pichincha

In:
Renewable energy, Traditional energy
Region:
Americas

The International Finance Corporation has invested $50 million in a public issuance of green bonds made by Banco Pichincha, for a total amount of $150 million. This is the first green bond issue made in Ecuador.

The resources raised by the green bonds will be directed to finance sustainable buildings and green mortgages, clean mobility projects, energy efficiency and renewable energy projects, among other areas that contribute to the mitigation of climate change in Ecuador. 

The green bonds are compliant with the International Green Bond Principles and will help alleviate the country's susceptibility to climate change.

You might also like


Perspective
10 October 2025

AfDB's hybrid capital second: A broader church of investors

The African Development Bank's $500 million hybrid capital issue significantly expanded the pool of investors for its second deal, a demonstration that MDB hybrids are earning...

Perspective
17 October 2025

FMO taps debut social bond

The FMO raised its inaugural social bond last month and it will not be its last. The deal - a €500 million bond - stood out in scale and had thematic differences to recent...