📋 Tender Overview
COMPANY NAME
Banistmo S.A.
PROJECT NUMBER
14893-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S CATEGORY tooltip
FI-2
COUNTRY
Panama
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
07/31/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
09/04/2025
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 $ 75,000,000
CURRENCY
USD
Project scope and objective
The proposed transaction involves IDB Invest participating as the lead investor in the issuance of the first senior sustainable bond by Banistmo S.A. ( Banistmo , the Bank , or the Issuer ) (the Financing or the Project ) in Panama. The bonds will have a term of up to five years, and IDB Invest will subscribe up to US$75 million of the total amount. The funds will be used to expand Banistmo’s financing targeted at women-led Small and Medium-Sized Enterprises ( SMEs ) and the Bank’s green portfolio. Additionally, the Project will provide greater diversification of funding sources and long-term financing.
The Project includes Technical Assistance Services ( TA ) focused on: (i) updating the existing framework with robust Key Performance Indicators ( KPIs ); ensuring alignment with the principles and guidelines of the International Capital Market Association, Panama’s sustainable taxonomy, and applicable local legislation; and (ii) strengthening the Bank’s sustainable financing strategy; and (iii) obtaining and publishing a Second Party Opinion ( SPO ).
