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RCI Colombia, a financing company owned by French automaker Renault, said it plans to issue COP900 billion ($218 million) worth of green and ordinary bonds in the Colombian market. The notes could be issued in nine tranches and with maturities ranging from one to ten years, the firm said in a securities filing. RCI Colombia intends to use the proceeds from the green bonds to finance green initiatives, including acquiring new electric and hybrid vehicles, as well as offering loans and lease agreements for clean energy infrastructure, such as batteries, electric chargers, and energy storage facilities, it added. BBVA will serve as coordinator, structurer, and lead placement agent, while Holland & Knight will act as legal advisor, it said, adding that S&P Global rates issuance AAA(col). ADVERTISEMENT IDB Invest – Are Financial Institutions Ready to Face Climate Risks? This Is What We Found Out An IDB Invest survey shows that they require support to navigate a complex landscape. Experts recommend focusing in three pillars: governance and culture, implementation and engagement, and transition planning. In April last year, the company raised COP200 billion in a two-part sale of bonds in the local market.
