CaribESG Market News

In landmark deal, Barbados restructures debt through a debt-for-nature swap which aims to protect 30% of the island’s coastal waters

September 21, 2022

In what Prime Minister Mia Mottley has described as a game-changing transaction, Barbados has announced a $150m debt-for-nature swap. Managed by Credit Suisse and CIBC FirstCaribbean, the deal will free up about US$50 million in the next 15 years by buying back a portion of its US$531 million bond due in 2029. They are replacing […]

The IDB and GCF are creating the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen

August 10, 2022

The Inter-American Development Bank (IDB) and the United Nation’s Green Climate Fund (GCF) are teaming up to create the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen. Nine countries expect to receive US$450 million in loans and grants from the fund to aid in lowering carbon emissions and building […]

Innergex Renewable Energy Inc issued US$710 million worth of green bonds to refinance renewable energy asset debt

August 10, 2022

Canadian company Innergex Renewable Energy Inc issued US$710 million worth of green bonds to refinance debt from its renewable energy assets in Chile totaling US$803.1 million. Source: Renewables Now

Nafin expects to raise US$245 million by issuing social bonds in the local market

August 10, 2022

Nafin, the Mexican development bank, plans to raise US$245 million through a three-part sale of social bonds in the local market. Source: Latin Finance

The IDB will put up a guarantee for a bond sale by a sovereign issuer in the Caribbean by the end of the year

July 27, 2022

The IDB plans to put up another guarantee for a bond sale issued by a sovereign state in the Caribbean by the end of the year. Last month, they guaranteed US$200 million to support the Bahamas in the sale of US$385 million in bonds. Source: Latin Finance

IFC issues a US$115 million sustainability-linked loan to Neoenergia Coelba

July 27, 2022

Neoenergia Coelba received a US$115 million sustainability-linked loan from IFC to improve the reliability of power supply to help strengthen the resilience of Brazil’s energy sector. Source: Press Room.IFC

IDB boosts ESG bond campaign in Latin America and the Caribbean with US$1 billion pipeline

July 14, 2022

IDB Invest pushes for ESG bond campaign in Latin America and the Caribbean with US$1 billion pipeline, equivalent to about 60% of the ESG bonds that IDB Invest has participated in over the past six years. Source: Bloomberg