Symbiotics, a Switzerland-based investor focused on small businesses in low- and middle- income countries, recently listed bonds on the Luxembourg Green Exchange to raise USD 17 million for Sun King, a Kenya-based firm selling solar technology in 62 countries. Sun King plans to use the proceeds to
Tag: Green Bond
MICROCAPITAL BRIEF: Symbiotics Issues $5m Sustainability Bond to Fund Microfinance Institution Crystal of Georgia
Symbiotics, a Switzerland-based impact investing platform, recently issued a bond whose proceeds are funding a three-year, unsecured loan to Crystal, a microfinance institution (MFI) in Georgia. The proceeds of the bond, Georgian lari equivalent to USD 5 million, are earmarked to