FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 16,000,000
Project scope and objective
The transaction consists of IDB Invest underwriting two bond issues by a Peruvian financial company for up to US$20 million: (i) a subordinated social bond aimed at equal opportunities for women-led micro and small enterprises denominated in Peruvian Soles (“PEN”) for up to the equivalent of US$10 million, with an eight-year term and bullet payment; and (ii) a senior social bond aimed at equal opportunities for women-led micro and small enterprises denominated in PEN for up to the equivalent to US$10 million, with a four-year term and bullet payment. The bond issues are intended to increase the Issuer's accountable capital and support its portfolio growth strategy, which targets women-led micro and small enterprises in Peru. The creation of a fund usage framework in line with the principles and guidelines for social impact bonds is underway. IDB Invest will provide advisory services to obtain a second party opinion (“SPO”) to validate and confirm the appropriateness of the methodological framework used.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005