Banco De Desarrollo De América Latina, or CAF, said it has placed international green bonds worth 150 billion Colombian pesos.
The bonds have a term of 10 years and a coupon of 6.75%. It is CAF's first green bond issuance, the development bank said in a statement.
JP Morgan was in charge of the placement.
The offering is part of CAF's green bond emission program worth $600 million that aims to promote the financing of high-impact environmental and social projects in Latin America. The operation will support initiatives in Ecuador, Panama and Peru, the bank said.
As of May 18, US$1 was equivalent to 2,927.40 Colombian pesos.
