PROJECT

Projects

Summary of Investment Information

Project Number

50254

Company Name

BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S A

Date SPI Disclosed

Apr 25, 2025

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Apr 18, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 1, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 18, 2025
Signed : Apr 25, 2025
Invested : Apr 29, 2025

Sector

Commercial Banking - General

Project Description

The proposed project consists of a consists of an up to US$45 million 10-year non-call 5 (10NC5) Basel 3 Tier II (B3T2) compliant subordinated 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.

Associated Advisory Engagement

The project will involve an Advisory Services component to complement the current biodiversity-related advisory engagement with the Bank. These will include trainings in ecotourism and smart/regenerative agriculture for projects in the Amazon region.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation