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Sustainable Bonds
Symbiotics, your sustainable bond partner
Through its dedicated bond issuance platform, Symbiotics helps financial institutions raise funds from international investors by issuing sustainable bonds, in line with their social and environmental goals.
3 types of sustainable bonds
Click to discover our three types of sustainable bonds:
- Amount: USD 7.75 million in LKR
- Issuance date: 2020
- Tenor: 48 months of maturity
- Eligible assets: Pioneer promoter of green financing with a newly developed green loan portfolio focused on hybrid vehicles (leasing), drip irrigation and renewable energy projects.
Link to press release
SDGs addressed with this Green Bond:
Green Bond:
Pan Asia, Sri Lanka
- Amount: USD 10.5 million in COP
- Issuance date: 2020
- Tenor: 53 months of maturity
- Eligible assets: Directly supports home ownership by enabling low and medium-low income families to access to affordable housing and household through household loans
Link to press release
SDGs addressed with this Social Bond:
Social Bond:
La Hipotecaria, Colombia
- Amount: USD 5 million in GEL
- Issuance date: 2021
- Tenor: 36 months of maturity
- Eligible assets: Social projects (MSME loans) contributing to better access to financial services and employment generation; green projects stimulating energy efficiency and renewable energy through financing of energy efficient household appliances and house improvement activities, clean transportation and drip irrigation systems.
Link to press release
SDGs addressed with this Sustainable Bond:
Sustainability Bond:
JSC MFO Crystal, Georgia
Financing solutions
- Financing between USD 5 million and USD 30 million in almost any currency
- Access to international investor group
- Unsecured debt
- Maturities between 2 and 7 years
- Fixed income instrument listed on the Securities Official List (SOL) in the green segment of the Luxembourg Stock Exchange
- Impact reporting support
Link to: Sustainability Social and Green Bond framework for Symbiotics
Bond issuance criteria
- Demonstrable strategic agenda on sustainable finance
- Green Bonds: USD 3 million minimum size, full allocation to Green eligible projects
- Social Bonds: USD 5 million minimum size, full allocation to Social eligible projects
- Sustainability Bonds: USD 5 million minimum size, allocation to Social and Green eligible projects, with a minimum of 30% to Green eligible projects
Why a sustainable bond with Symbiotics?
- No need to develop your own Green, Social or Sustainability Bond framework
- No second party opinion or bond certification required
- Pragmatism and assistance in impact reporting requirements
- Access Sustainable Bond markets with little complexity or additional cost
- Issue sustainable bonds in line with generally accepted market standards as defined by ICMA (Green and Social Bond Principles and Sustainability Bond Guidelines)
Why Symbiotics?
- We have 15 years of experience in structuring sustainable loans in more than 80 frontier and emerging countries
- Since 2010, Symbiotics has issued over 200 impact bonds via its bond issuance platform
- We collaborate with a wide network of financial institutions (FI – Microfinance, banks, leasing, factoring, fintech, etc.)
- We assist in the identification of eligible social and green assets on the balance sheet
- Our unique platform provides institutions with access to the sustainable bond market
- Our structuring and advising capacity guides your institution through the entire issuing process, using our proprietary bond platform
Contact us:
info.markets@symbioticsgroup.com
A combination of both Green and Social eligible assets with no predetermined minimum allocation
Minimum criteria:
- Senior unsecured debt with minimum size of USD 5 million of the portfolio that is eligible for green and/or social assets,
- Minimum tenor of 2 year,
- At least 30% allocation to green after 3 years,
- Pre-defined use of proceeds,
- Pre-defined impact reporting
Potential impact reporting indicators: similar to those of green and sustainable bonds.
Focus on social aspects to fulfill basic human needs
Social Eligible Assets: Access to financial services, affordable housing, employment generations, affordable health and education, food security etc.
Minimum criteria:
Potential impact reporting indicators: Number of jobs financed, number of housing units constructed or improved, % of women microfinance borrowers, etc.