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Green Bonds Auction, BanRep In Fcous

COLOMBIA
  • Colombia will initially offer 500 billion pesos ($122 million) of the securities in the local market on June 29, according to a statement from the finance ministry.
    • Depending on demand could increase amount to 750 billion pesos.
    • Resources will be used to fund a portfolio of 22 projects which includes clean transportation, water management and renewable energy.
  • BanRep will meet on Thursday. As of writing, 13/22 surveyed analysts are expecting the central bank to increase the pace of tightening, hiking the overnight lending rate by 150bps to 7.5%.
    • A full preview with analyst views will be published shortly.

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