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 has increased its latest sale of sustainable bonds to US$3 billion after investors placed around US$3.7 billion in orders. Source: Latin Finance
Jujuy, the Argentine province, is looking to procure financing from the Export-Import Bank of China to expand its 300 MW Cauchari solar farm. Source: Latin Finance
Genneia, one of the largest Argentinian renewable power companies, plans local and international financing package to fund the construction of four new power plants, which will cost around US$300 million. Source: Latin Finance
Mexico placed US$550 million worth of sustainable bonds in Japan, becoming the first Latin American country to place sustainable bonds in Japan. Source: Latin Finance
The Alliance of Small Island Developing States (AOSIS) is lobbying to include loss and damage finance as an agenda item at the upcoming global climate talks. Source: Jamaica-Gleaner
According to the IFC, based on a report by the Sustainable Banking Network (SBN), Brazil, Colombia, and Mexico are leading the way in promoting sustainable finance in the Latin American region. Source: America Economia
CC&L Infrastructure and CarbonFree Technology successfully refinanced US$360 million in debt making it one of the largest solar project private placements in Chile. Source: Newswire
Engie SA secured a US$300 million loan from the Inter-American Development Bank for the 260 MW Punta Lomitas wind farm in Peru, a 36.4 MW expansion, and a 60 km power line that will connect the plant to the national grid. Source: Renewables Now
