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Company name

Banco Bilbao Vizcaya Argentaria Colombia SA

Project number

15132-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Colombia

Sector

Financial Institutions

Status

Proposed

Disclosed date

08/23/2024

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/25/2024

Approval date

09/25/2024

Signed date

10/15/2024

Sponsoring entity

N/A

Investment Operations Department Contact

Financial Institutions Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

The project consists of providing support to Banco Bilbao Vizcaya Argentaria Colombia S.A. (“BBVA Colombia”), in the issuance of a Subordinated Sustainable Bond for a total amount of up to US$100 million in the international capital market. The term of the financing will be up to 10 years in a bullet payment, with an option for prepayment by the Issuer in the fifth year, which BBVA Colombia may exercise voluntarily upon meeting the requirements set forth in the applicable law. IDB Invest will act as anchor investor with a subscription for up to US$50 million. The resources will be used for strengthening the capital and expanding the green and social portfolio.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

BBVA CO - SUSTAINABLE SUBORDINATED BOND -15132-01-CO - ENVIRONMENTAL AND SOCIAL REVIEW ESRS

115.2 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

bbvacolombia-ir@bbva.com

PHONE NUMBER

+57 3168744656

POST OFFICE ADDRESS

Carrera 9 #72-21 Piso 11 - Bogotá, Colombia

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .