Holland & Knight Advises IDB Invest on $75 Million Sustainable Bond Issuance by Banistmo S.A. in Panama

NEW YORK (October 1, 2025) – Holland & Knight advised Inter-American Investment Corporation (IDB Invest) as anchor investor on its participation in the issuance of a sustainable bond in an aggregate amount of up to $75 million by Banistmo S.A., one of Panama's leading financial institutions. The transaction aims to boost investments in social and green projects throughout Panama, supporting the country's sustainable development agenda. The transaction closed on September 24.

The sustainable bond is designed to finance projects with positive social and environmental impact, including affordable housing, access to essential services, renewable energy, energy efficiency and sustainable infrastructure. IDB Invest's involvement is expected to catalyze further private sector investment in these critical areas, enhancing Panama's progress toward its climate and social goals. The proceeds from the bond will be allocated to projects that contribute to the United Nations Sustainable Development Goals, with a focus on gender equality, financial inclusion and environmental sustainability.

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region.

Holland & Knight's representation of IDB Invest was led by Partner Stephen Double and Associate Jorge Ballen.

More information on the transaction can be found here.