IDB Invest issues first private sector bond to finance the Amazon region

IDB Invest has placed the IDB Group’s first private sector bond with the aim of financing green and social initiatives in the Amazon region, creating economic opportunities for the private sector and protecting the rainforest.

The issuance sums up an amount in local currency (Brazilian reals) equivalent to nearly 9 million dollars with a 5-year term. The “Emerging Markets Sustainable Finance Record Fund” of Article 8 of Regulation 2019/2088 of the European Union, which aims to support the development of local currency markets in low-income and media, was the sole investor in the operation. The proceeds will be allocated to projects aligned with the objectives of the IDB Group’s “Amazonia Forever” program, which seeks to increase financing for the sustainable development of the Amazon region.