📋 Tender Overview
COMPANY NAME
BOLIVARIAN BANK CA
PROJECT NUMBER
15404-01
E&S CATEGORY tooltip
FI-2
COUNTRY: Ecuador
SECTOR: Financial Institutions
STATUS
Proposed
DISCLOSED DATE
05/02/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
06/19/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Financial Institutions Division
INVESTMENT TYPE
Bond
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 50,000,000
CURRENCY
USD
Project scope and objective
The project consists of supporting Banco Bolivariano C.A. ( Banco Bolivariano or the Bank ), in the first issuance of a Biodiversity Bond in Ecuador. The total amount of the Bond will be up to US$120 million with a five-year term. IDB Invest will subscribe for a total amount of up to US$50 million. Other potential investors will participate with subscriptions of up to US$70 million. The proceeds from the bond will be used to promote and expand the financing of biodiversity-related projects and opportunities in Ecuador.
Additionally, IDB Invest, through Technical Advisory Services ( TA ), will support Banco Bolivariano in strengthening the measurement of the impact generated by its loan portfolio. This will be achieved by improving data collection and monitoring systems.
