The Banco Promerica Bank of Guatemala, belonging to the Promerica Group with a presence in nine countries in Central America and the Caribbean, has completed the issuance of the first sustainability-linked bond in Guatemala, with the objective of supporting green and social projects in the country.

This first series of an emissions program worth up to 500 million dollars, has the participation of IDB Invest as an anchor investor for 30 million dollars, plus the contribution from the LAGreen investment fund for 20 million dollars.

The resources mobilized by LAGreen will be used mainly to finance loans for micro, small and medium-sized enterprises (MSMEs), women-owned MSMEs and loans for a portfolio of green projects of Banco Promerica. Additionally, IDB Invest, together with the Women Entrepreneur Financing Initiative (We-Fi), will support Promerica with advisory services for the development of a taxonomy and segmentation of the social and gender portfolio, a social conceptual framework, and an opinion of second parties in compliance with the requirements of the International Capital Markets Association (ICMA).