Green Bond Fact Sheet

Ecosolutions issued a USD 3.5 million green bond private placement on August 20, 2019, to refinance two biomass boilers in Costa Rica (Hotel Intercontinental and Bridgestone). The issuance is noted as the first private placement from Central America (excluding the Caribbean) and the first in the Central America & Caribbean region to exclusively fund energy efficiency. The bond features third-party annual reporting on GHG emissions avoided.

• Ecosolutions issued a USD 3.5 million green bond on 20-08-2019 with a maturity date of 20-08-2031 and a tenor of 12 years. The bond was structured as a private placement by a non-financial corporate issuer.
• The proceeds from the bond are designated to refinance two pellet-based biomass boilers located in Costa Rica, specifically for Bridgestone and Hotel Intercontinental.
• This issuance represents several regional milestones: it is the first private placement from Central America (excluding the Caribbean) and the first from the Central America & Caribbean region to exclusively finance energy efficiency projects. It is also the first issuance by a non-financial corporate in that context.
• Environmental impact reporting will be conducted annually by a third party, focusing on avoided GHG emissions and other performance metrics, supplementing the estimates provided in the framework at issuance.
• The Climate Bonds Initiative identifies Costa Rica as a promising location for green investments, noting the country's objective to achieve carbon-neutrality (including offsets) within the next two years from the date of the report.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-08%20CR%20Ecosolutions.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-08%20CR%20Ecosolutions.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 December 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-08%20CR%20Ecosolutions.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/2019-08%20CR%20Ecosolutions.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }