📋 Tender Overview
Project Number: 49945
Company Name: BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S A
Date SPI Disclosed: Jun 4, 2024
Country: Colombia
Region: Central America and the Caribbean, Colombia, Mexico
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry FIG LAC & EUR
Industry: Financial Institutions
Sector: Commercial Banking - General
Project Description
The proposed project consists of a biodiversity bond to be issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. ( BBVA Colombia or the Bank ) and subscribed by IFC. The proceeds of the bond will be used to finance businesses and projects that prevent losses in biodiversity and/or protect nature comprising activities related to productive land uses for climate-smart agriculture, sustainable freshwater/marine production, waste and plastic management, eco-tourism, forestry and plantations, land use conservation and marine habitat conservation.
Total Project Cost and amount and nature of IFC's Investment: The proposed project consists of an IFC investment of up to US$50 million to subscribe BBVA Colombia’s biodiversity bond issuance. IFC will mobilize up to US$25 million from other international investors.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
