Dominican Republic's Pensions Superintendency (SIPEN) published an update on Banco de Ahorro y Crédito FONDESA, S.A. (BANFONDESA) completing the placement of the first tranche of its sustainable bond issuance programme, which was approved as an eligible investment for pension funds by the Commission for Risk Classification and Investment Limits. The tranche totalled DOP 250 million and forms part of a programme registered in the Securities Market Registry under SIVEM-167. The bonds pay a fixed 10% annual coupon with monthly interest and mature in September 2030. BANFONDESA reported pension fund participation in the placement and said the instrument channels funding to microcredit initiatives with environmental and social objectives, including clean energy and energy efficiency. The issuance is rated A by Feller Rate. BANFONDESA presented the transaction as the first tranche of a broader sustainable bond programme and as a step toward tapping additional capital, including from international investors seeking sustainability-aligned projects.
Pensions Superintendency (SIPEN) 2025-09-16
Dominican Republic's Pensions Superintendency highlights BANFONDESA DOP 250 million sustainable bond tranche approved for pension fund investment
The Dominican Republic's Pensions Superintendency (SIPEN) announced that Banco de Ahorro y Crédito FONDESA, S.A. (BANFONDESA) completed the first tranche of its sustainable bond issuance, approved for pension fund investment. The DOP 250 million tranche, registered under SIVEM-167, offers a 10% annual coupon and matures in September 2030, supporting microcredit initiatives with environmental and social goals. Rated A by Feller Rate, the issuance aims to attract further capital, including from international investors.