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Movistar Colombia secures COP 500 bln sustainability-linked loan

Monday 12 July 2021 | 14:41 CET | News
Movistar Colombia (Telefonica) said it has secured a COP 500 billion (EUR 111 million) loan from Bancolombia linked to sustainability indicators. The operator is the second Colombian company to access such funding, tied to reaching specific ESG (environmental, social and government) targets. Under the terms of the loan, the operator will be able to obtain a reduction of up to 100 basis points in the interest rate payable during the term of the loan if it fulfils a number of annual targets related to climate risk, gender equality and information security metrics.

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Categories: General
Companies: Movistar Colombia / Telefonica
Countries: Colombia
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