Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a USD 150 million green bond issued by Banco Pichincha SA on December 20, 2019, marking the first green bond from Ecuador.

• Banco Pichincha SA issued a green bond with a total amount of USD 150 million on December 20, 2019, with a maturity date of December 20, 2024 and a tenor of 5 years.
• The bond is the first green bond from Ecuador and was used to finance the widest variety of projects in Latin America in 2019.
• Proceeds from the bond are designated for projects providing measurable environmental benefits in the areas of energy efficiency, renewable energy, clean production, construction, sustainable transport, and waste management.
• IDB Invest, the private arm of the Inter-American Development Bank, served as an advisor and provided part of the financing for this issuance.
• While some sources indicate that IDB Invest provided a conceptual framework and a second-party opinion for the bond, the Climate Bonds Initiative was unable to locate these documents online.

APA

Climate Bonds Initiative (n.d.). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-12_EC_Banco_Pichincha.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. n.d. https://www.climatebonds.net/files/drupal-files/files/2019-12_EC_Banco_Pichincha.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |url=https://www.climatebonds.net/files/drupal-files/files/2019-12_EC_Banco_Pichincha.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendgreen, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/2019-12_EC_Banco_Pichincha.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }