Hogan Lovells advises the IFC in US$35 million loan for a green bond in Costa Rica
Press releases
| 29
July
2019
Washington, D.C., 29 July 2019 — Hogan Lovells represented the International Finance Corporation (IFC) in a US$35 million loan to support and incentivize the issuance of a green bond by Davivienda Costa Rica, the third largest private bank in Costa Rica.
The loan will contribute to fund a pipeline of green projects in Costa Rica including sustainable buildings, energy efficiency and small-scale renewable energy generation under the standards for green lending described in the Green Bond Principles, published by the International Capital Markets Association in 2017.
The Hogan Lovells team was led by senior counsel Thomas Hechl and senior associate Antonio de la Esperanza. Partner Daniel Araya and associate Rocio Amador of Dentons Muñoz acted as local counsel for IFC in Costa Rica.