Promigas issues more social bonds

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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Colombian natural gas company Promigas and two of its subsidiaries returned to the local market to raise COP133 billion ($32.2 million) in its second placement of 10-year social bonds. Promigas priced the additional 2034 notes at a floating interest rate based on the IBR interbank lending rate plus 3.75%, it said in securities filing. The company carried out the deal along with its subsidiaries Gases del Oriente and Surtigas. Barranquilla-based Promigas sold COP8 billion worth of notes as part of the offering, while Gases del Oriente and Surtigas issued COP65 billion and COP60.1 billion respectively, according to a separate filing. The deal was arranged by the International Finance Corporation, the private sector division of the World Bank Group. ADVERTISEMENT Overcoming Three Challenges to Unlock the Potential of Green Hydrogen Several countries in Latin America and the Caribbean have an adequate renewable energy generation capacity, abundant water resources and other favorable conditions to diversify the power generation matrices and decarbonize energy-intensive industrial segments. Breaking down legal, regulatory, financial, technical and market barriers can help them lead the charge on clean energy initiatives. Last December, the companies raised COP358 billion in the first tranche of what was to be a COP540 billion deal. Proceeds from the sale will fund the company’s Brilla program, which helps customers finance the purchase of goods and services. More Sustainable Finance & Investment News FREE TO READ THANKS TO CCR secures renewables supply Nafin to sell more social bonds GeoPark, ATP Towers, Ambipar print global bonds IFC supports BV solar financing Ambipar, Interbank, Buenaventura line up fresh issuance BRK lands financing for Maranhão expansion Banco W prints second social bond Gerdau snaps up hydro power plants Finanzauto taps Bladex for ESG loan IFC approves Banco Pichincha loan EDP Renováveis requests SLL from IFC CABEI, Funo price ESG bonds Load more posts Something went wrong. Please refresh the page and/or try again.