PROJECT

Projects

Summary of Investment Information

Project Number

48267

Company Name

BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S A

Date SPI Disclosed

Jun 15, 2023

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jul 17, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 24, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 22, 2023
Signed : Sep 8, 2023
Invested : Sep 22, 2023

Sector

Commercial Banking - General

Project Description

The proposed project entails a blue bond to be issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. (“BBVA Colombia” or the “Bank”) and 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