📋 Tender Overview
COMPANY NAME
Banco Agricola, SA
PROJECT NUMBER
15562-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S CATEGORY tooltip
FI-2
COUNTRY
El Salvador
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
08/19/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
09/19/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Financial Institutions Division
INVESTMENT TYPE
Bond
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 15,000,000
CURRENCY
USD
Description: The project involves a potential public issuance of sustainable bonds in El Salvador by Banco Agrícola, S.A. (hereinafter Banco Agrícola or the Bank ) amounting to US$200 million. The funds obtained from the placement of each tranche will be invested by the Bank for financing short, medium, and long-term credit operations, as indicated in the Sustainable Framework of the BSOBA1 issuance prospectus. Each tranche will specify the fund usage category for which it is issued, which may be structured with blue usage and destination. Please note that all issues must be authorized by the Superintendency of the Financial System and registered on a stock exchange in El Salvador.
The first issuance under the program is expected to have a blue focus and may be subscribed as follows: (i) IDB Invest may subscribe up to a total of US$15 million; and (ii) in conjunction with local and international co-investors, it may subscribe a total of up to US$25 million. The resources will be allocated to expand the Bank’s blue-focused investments, and the use of funds will allow the issuance to be labeled as blue, in accordance with the International Capital Market Association ( ICMA ) Thematic Bond Principles.
The project was accompanied by a Technical Advisory ( TA ) to support the Bank in its preparation for a future thematic issuance, including the identification and segmentation of the blue portfolio, the development of the sustainable framework, and the acquisition of Second Party Opinions ( SPOs ).
