IDB Invest and Banco ABC issue first social bond in Brazil

IDB Invest has structured and acquired the first social bond in Brazil, issued by Banco ABC Brasil. 

The transaction, which has a five-year tenor, amounts to BRL$525 million (about $100 million) and will support Banco ABC's portfolio of medium-sized companies and the health sector. IDB Invest’s contribution will support these sectors in meeting their financing needs and respond to the crisis generated by COVID-19.