{"id":223723,"date":"2024-09-25T08:08:12","date_gmt":"2024-09-25T12:08:12","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=223723"},"modified":"2024-09-25T09:12:47","modified_gmt":"2024-09-25T13:12:47","slug":"first-sustainable-bond-issuance-approved-for-pension-funds","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2024\/09\/25\/first-sustainable-bond-issuance-approved-for-pension-funds\/","title":{"rendered":"First sustainable bond issuance approved for pension funds"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-1024x574.png\" alt=\"\" class=\"wp-image-223798\" width=\"600\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-1024x574.png 1024w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-300x168.png 300w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-768x431.png 768w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-1536x861.png 1536w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2024\/09\/Sipen-Presidencia-2048x1148.png 2048w\" sizes=\"(max-width: 706px) 89vw, (max-width: 767px) 82vw, 740px\" \/><\/figure><\/div>\n\n\n\n<p>Banco de Ahorro y Cr\u00e9dito Fondesa, S.A. (Banfondesa) has issued the country\u2019s fist sustainable bond as an investment alternative for pension funds. The issuance is valued at RD$500 million. The Presidency says this is a significant step for the Dominican Republic\u2019s economy due to its widespread social impact.<\/p>\n\n\n\n<p>The Risk Classification and Investment Limits Commission (CCRyLI) cleared the first sustainable bond issuance as an investment alternative for pension funds.<\/p>\n\n\n\n<p>The Superintendency of Pensions (SIPEN) announced that Resolution No. 265 from CCRyLI cleared the public offering instrument for pension fund investments called the &#8220;Sustainable Bond Issuance Program&#8221; from Banco de Ahorro y Cr\u00e9dito Fondesa, S.A. (Banfondesa).<\/p>\n\n\n\n<p>Francisco A. Torres, the Superintendent of Pensions, stated that pension funds can now invest in sustainable bonds, which will primarily contribute to job creation and support for small and medium-sized enterprises (SMEs), women-led businesses, entrepreneurs, students, green projects, and education initiatives.<\/p>\n\n\n\n<p>\u201cWith this new investment alternative, we reaffirm SIPEN\u2019s vision to promote responsible economic growth in the country, contributing to climate change mitigation and the creation of a more equitable society,\u201d Torres said.<\/p>\n\n\n\n<p>He highlighted that the issuance of these sustainable bonds will channel resources toward financing social projects, renewable energy, energy efficiency, green infrastructure, sustainable mobility, and pollution prevention and control.<\/p>\n\n\n\n<p>Torres expressed hope that this type of financial instrument will continue to evolve and generate tangible benefits for affiliates and the nation as a whole.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/presidencia.gob.do\/noticias\/aprueban-primera-emision-de-bonos-sostenibles-como-alternativa-de-inversion-para-los\">Presidency <\/a><\/p>\n\n\n\n<p>25 September 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banco de Ahorro y Cr\u00e9dito Fondesa, S.A. (Banfondesa) has issued the country\u2019s fist sustainable bond as an investment alternative for pension funds. The issuance is valued at RD$500 million. The Presidency says this is a significant step for the Dominican Republic\u2019s economy due to its widespread social impact. The Risk Classification and Investment Limits Commission &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2024\/09\/25\/first-sustainable-bond-issuance-approved-for-pension-funds\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[330,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/223723"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=223723"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/223723\/revisions"}],"predecessor-version":[{"id":223800,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/223723\/revisions\/223800"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=223723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=223723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=223723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}