On October 19, 2021 Yahoo Finance reported that “Colombia is selling green bonds again, a month after its debut domestic offering handily outperformed in the secondary market amid appetite for securities designed to help the environment.
The Andean nation will offer at least 650 billion pesos ($170 million) more of the 10-year notes on Oct. 27, Public Credit Director Cesar Arias said in an interview. Depending on demand, the government may sell as much as 975 billion pesos of the securities, which will fund renewable energy, water management, clean transport and efforts aimed at curbing climate change.
Colombia is ahead of its Latin American peers when it comes to local green financing, becoming the first to tap growing international demand by selling the debt in domestic markets. While skepticism remains globally about just how effective such bonds are at incentivizing green behavior, the securities jumped after the sale and now yield almost 20 basis points less than equivalent conventional notes, widening the so-called greenium to about three times the level it was when they debuted.”
You can read the article on the Yahoo Finance internet site.