IDB Invest, the private sector arm of the IDB Group, is considering requests to arrange up to $80 million combined in ESG bond issuance in Ecuador and Chile.
Ecuadorian pharmaceutical group Difare has asked IDB Invest to arrange a sustainability-linked bond (SLB) for up to $50 million, according to the multilateral bank’s website.
IDB Invest could acquire up to $35 million worth of five-year notes from Difare and mobilize the remaining amount from other investors.
The Guayaquil-based company plans to use the proceeds to add to working capital and fund an expansion of its network of pharmacies in the country, which includes the chains Farmacia Cruz Azul, Farmacias Comunitarias and Pharmacy’s.
Meanwhile, Chilean electric machinery leasing company Royal America has asked IDB Invest to buy up to $20 million worth of seven-year green bonds and mobilize as much as $10 million from other investors.
The Santiago-based company will use the proceeds to purchase electric vehicles.
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Publish date : 2024-09-04 12:52:00
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