Tuesday
July 23
2024

FinDev Canada Invests up to US $20 Million in Costa Rica’s First Blue Bond

FinDev Canada, Canada’s bilateral Development Finance Institution, is investing up to $US 20 million in a blue bond issued by Banco Nacional de Costa Rica (BNCR). This transaction builds on FinDev Canada’s successful past collaboration with BNCR, through the corporation’s $US 30 million participation in an IDB Invest-led subordinated social bond in 2022.

Photo courtesy of Luis Diego Aguilar.

Source: FinDev Canada (link opens in a new window)

Categories
Environment, Investing
Tags
blue economy, corporations, development finance, impact bonds, impact investing