PROJECT

Projects

Summary of Investment Information

Project Number

38731

Company Name

BANCOLOMBIA SA

Date SPI Disclosed

Dec 13, 2016

Country

Colombia

Region

Latin America and the Caribbean

Environmental Category

FI-1 - Significant

Status

Completed

Last Updated Date

Jan 24, 2024

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Nov 10, 2016
Signed : Nov 29, 2016
Invested : Dec 5, 2016

Sector

Commercial Banking - General

Project Description

 The project entails a Green Bond to be issued by Bancolombia S.A. ("Bancolombia" or "the Bank") in the Colombian local bond market which will be subscribed by IFC. The green bond proceeds will be used for renewable energy and green building projects in Colombia.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation