Press release: Symbiotics arranges two Green Bonds in Vietnam with EVNFinance for USD 6.25 million and VND 234 billion respectivelyThursday 26th, August 2021
Symbiotics, the leading market access platform for impact investing, has arranged a USD 6.25 million and VND 234 billion (USD 10.1 million) Green Bonds for EVNFinance.
EVNFinance, a Vietnamese non-bank Financial Institution regulated by the State Bank of Vietnam and listed on the UPCoM Stock exchange, showcased its continued commitment to finance green projects by receiving dedicated funding via the issuance of Green Bonds.
The proceeds will be used to fund solely green projects: renewable energy (C&I solar, roof-top solar), hydro power, and biomass energy.
“The issuance of these Green Bonds represents another milestone for Symbiotics in supporting the global movement towards reaching sustainability via green finance.”, said Daniel Schriber, Head of Investments of Symbiotics.
“With the trust and credit extension by Symbiotics, EVNFinance will have the basis to continue to carry out the mission of supporting the development of green energy / renewable energy projects all around Vietnam.”, said Nguyen Hoang Hai, General Director of EVNFinance.
These bonds are issued via Symbiotics sponsored bond issuance platform (Micro, Small & Medium Enterprises Bonds S.A.) under its Sustainability, Social and Green Bond Framework, certified in December 2019 by DNV GL. The Green Bonds have been listed on the Luxembourg Green Exchange within the Green Bond section. The proceeds of the Green Bonds have been fully used towards a 4-year, senior unsecured loan to EVNFinance.
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Symbiotics is the leading market access platform for impact investing, dedicated to financing micro- small and medium enterprises and low- and middle-income households in emerging and frontier markets. Since 2005, Symbiotics has structured and originated some 4,000 deals for over 490 companies in almost 90 emerging and frontier markets representing more than USD 6.5 billion. These investments have been purchased by more than 25 fund mandates and more than 50 third party specialized fund managers, forming a growing ecosystem and marketplace for such transactions. symbioticsgroup.com
EVNFinance is a general finance company in Vietnam established in 2008. During 13-year development journey, EVNFinance has been the capital arrangement unit for Vietnam Electricity (EVN) and other power companies in the electricity sector. Currently, EVNFinance has the orientation to become a Fintech company, focusing on developing new products with high technology along with promoting support for green energy / renewable energy projects in Vietnam. evnfc.vn
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For more information, contact:
Samy Derradji, Corporate Communication Manager, Symbiotics
Ta Thanh Thuy, PR Manager, EVNFinance