Green Bond Fact Sheet

Patrimonio Autónomo Titularización TMAS-1 (Financiera de Desarrollo Nacional) issued a COP 131.5 billion (USD 41 million) sustainability bond on July 2, 2019. The funds are used to purchase up to 741 EURO VI compliant compressed natural gas (CNG) buses for Bogota's TransMilenio BRT system. This issuance is noted as Colombia's first sustainable bond and the first in the country to exclusively finance transport projects.

• The bond issued by Patrimonio Autónomo Titularización TMAS-1 (Financiera de Desarrollo Nacional) on July 2, 2019, raised COP 131.5 billion (USD 41 million). It is categorized as a sustainability bond and was reviewed by Sustainalytics, though it is not certified.
• Proceeds from the bond are designated for the purchase of up to 741 compressed natural gas (CNG) buses for use on up to four corridors of the TransMilenio BRT system in Bogota. These vehicles must meet EURO VI emissions standards.
• The issuance represents several milestones for Colombia: it is the first sustainable bond from the country, the first labelled bond from a Colombian development bank in 2019, and the first Colombian bond dedicated exclusively to financing transport projects.
• Repayment of the bond will be sourced from future cash flows generated by TransMilenio journeys, supported by a 12% contingency liquidity line provided by Financiera de Desarrollo Nacional (FDN).
• Annual reporting will include the average financing value provided to the four acquisition concessionaires and key performance indicators (KPIs) such as the number of buses purchased, local air quality measures, and the number of passengers from disadvantaged groups using the four BRT corridors.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07%20CO%20Patrimonio%20Aut%C3%B3nomo%20Titularizaci%C3%B3n%20TMAS-1%20%28FDN%29.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07%20CO%20Patrimonio%20Aut%C3%B3nomo%20Titularizaci%C3%B3n%20TMAS-1%20%28FDN%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=9 December 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07%20CO%20Patrimonio%20Aut%C3%B3nomo%20Titularizaci%C3%B3n%20TMAS-1%20%28FDN%29.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = dec, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07%20CO%20Patrimonio%20Aut%C3%B3nomo%20Titularizaci%C3%B3n%20TMAS-1%20%28FDN%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }