Peru and Luxembourg, December 18, 2024 – The LAGreen Fund, in collaboration with Banco Interamericano de Finanzas (BanBif) in Peru, proudly announces the completion of the first subordinated green bond issuance in the country. This issuance represents LAGreen’s inaugural primary market investment in Peru, underscoring its commitment to fostering the growth of the green bond market across Latin America.
BanBif issued subordinated (Tier II) green bonds amounting to USD 20 million, as the first series of a broader program of up to USD 200 million. The bonds will be subsequently listed on the Lima Stock Exchange, with LAGreen acting as the sole investor for the initial tranche. The investment will not only contribute to support BanBif’s sustainability agenda, but also to strengthen its capital position and growth strategy.
LAGreen supported the preparation of this green bond out of its Technical Assistance Facility, working together with BanBif in identifying eligible projects and preparing the bond’s Green Framework. The bonds proceeds will be utilized to finance a variety of green projects, focusing on sustainable agriculture, sustainable construction and clean transport, collectively expected to avoid 530 tons of CO2eq annually.
This milestone reflects BanBif’s commitment to sustainability and LAGreen’s mission to foster innovative, responsible investment in Latin America, solidifying a shared vision for impactful, climate-resilient finance.
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Acerca de LAGreen
LAGreen es el primer fondo de bonos verdes dedicado a América Latina. Al invertir en bonos verdes y apoyar a nuevos emisores con asistencia técnica, el objetivo de LAGreen es aumentar los beneficios ambientales y sociales en toda la región y promover la transición hacia economías verdes.
Como fondo de inversión de impacto asesorado por Finance in Motion y Santander Asset Management, LAGreen se estableció como una iniciativa del Banco de Desarrollo KfW de Alemania, con capital inicial proporcionado por la Unión Europea (UE) y el Ministerio Federal de Cooperación Económica y Desarrollo (BMZ) de Alemania.
Para obtener más información, visite https://lagreen.lu y síganos en LinkedIn.
Acerca de Finance in Motion
Finance in Motion es un gestor de activos de impacto global enfocado exclusivamente en el desarrollo sostenible en mercados emergentes y economías en desarrollo. La empresa estructura, gestiona y asesora fondos de inversión de impacto que reúnen a inversores públicos y privados para abordar el cambio climático, fortalecer la conservación de la biodiversidad, fomentar el uso sostenible de los recursos naturales, mejorar los medios de vida y promover oportunidades económicas.
Para más información, por favor visítenos en: www.finance-in-motion.com
También puede seguirnos en @financeinmotion and LinkedIn
About Banco Interamericano de Finanzas
BanBIF is a leading Peruvian financial institution committed to fostering sustainable development and impact investments. With nearly three decades of experience, the bank focuses on providing financing for mid-sized businesses and supporting projects in renewable energy, energy efficiency, and other climate-resilient sectors. Through its dedicated approach, BanBIF aligns with global trends in sustainable finance, creating opportunities for inclusive and resilient economic growth in Peru.
Contacto de prensa LAGreen
Nusha Westhoff
Director Marketing & Communications
Teléfono: +49 69 271 035 742
Correo: info@lagreen.lu info@lagreen.lu
Media contact Banco Interamericano de Finanzas
Isabella Quiroga
Director Marketing & Communications
Correo: info@lagreen.lu IQUIROGA@banbif.com.pe
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