PROJECT

Projects

Summary of Investment Information

Project Number

46190

Company Name

Banco Internacional S.A.

Date SPI Disclosed

Oct 4, 2022

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Jun 28, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 24, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 28, 2022
Signed : Oct 5, 2022
Invested : Nov 22, 2022

Sector

Commercial Banking - General

Project Description

 The proposed project entails a blue bond to be issued by Banco Internacional (Internacional or the Bank) in the Ecuadorian local bond market, which will be subscribed by IFC. The blue bond proceeds will be used by the Bank to promote a sustainable blue economy and management of clean-water resources.

Associated Advisory Engagement

  The project will involve an Advisory Services component to support the Bank in identifying blue business opportunities.                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation