The experience of structuring blue bank bonds
In Latin America and the Caribbean.

This publication systematizes the experience of structuring the first two blue bonds in Latin America and the Caribbean, developed with the advice of IDB Invest. In these issuances, IDB Invest acted as anchor investor and mobilizer of additional investors, supporting Banco Bolivariano de Ecuador and Banco Nacional de Costa Rica in carrying out pioneering blue bond issuances in the capital markets of their respective countries and the region. Throughout the document, the global and regional context of the economy and blue bonds is presented, as well as the methodologies applied for the evaluation of potential portfolios, the structuring and validation of bond frameworks, and the subsequent issuance of debt.