Central American bank raises funds in the local market with placement arranged by IDB Invest
Central American lender BAC Credomatic issued $140 million worth of sustainable bonds in the Guatemalan market in a deal arranged by IDB Invest, the US-based development bank said Thursday. IDB Invest said it purchased $70 million worth of five-year bonds, while Latin America-focused green bond fund LAGreen and Paris-based development finance lender Proparco acquired $20 million and $50 million respectively.
BAC Credomatic’s local branch intends to use the funds to provide social and green loans for micro, small- and medium-sized businesses owned by woman and to finance green investments, IDB Invest said in a press release.
Additionally, IDB Invest will advise the Costa Rica-based lender on drawing up a sustainable bond framework aligned with the International Capital Markets Association principles.
BAC Credomatic asked the private sector financing arm of the IDB Group to arrange the deal in July last year as part of its $500 million bond program in the Guatemalan market. (https://latinfinance.com/daily-brief/2025/02/27/bac-credomatic-issues-first-sustainable-bond-in-guatemala/)
