IDB Invest, Banco W support microenterprises through bond

IDB Invest structured and subscribed a social bond with a gender focus issued by Banco W and registered in the Colombian Stock Exchange. 

The four-year tenor bond of COP150 billion, equivalent to $39.6 million, is the first gender social bond in the region issued by a bank dedicated to microfinance. The resources from the bond placement will be used to finance the growth of Banco W’s portfolio of micro-enterprises led by women. The financing will also contribute to the development of the capital markets and thematic bonds in Colombia and the region.