IDB Invest supports the first issuance of a sustainable bond in Uruguay through BBVA

In:

Renewable energy, Traditional energy

Region:

Americas

IDB Invest has structured and subscribed the first private issuance of a sustainable bond in Uruguay.

The subordinated issuance for a total of up to $15 million was issued by Banco Bilbao Vizcaya Argentaria Uruguay (BBVA Uruguay). The transaction, with a tenor of up to ten years, seeks to support the growth of BBVA Uruguay's portfolio of sustainable projects.

The funds will be used to finance projects related to energy efficiency, clean transportation, sustainable agriculture, sustainable construction and promotion of the micro, small and medium-sized enterprises segment, among other sustainable investments.

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