Tunisie Leasing and Factoring “TLF”, one of the largest leasing companies in Tunisia, has recently raised a USD 7.5 million green loan arranged by Symbiotics Investments. The loan was subscribed by the USD 75 million green basket bond program structured by Symbiotics Investments in partnership with British International Investment “BII”, the United Kingdom’s development finance institution and impact investor.
TLF’s mission is to provide a range of responsible financial services to its clients from varying economic segments, mainly small and medium enterprises “SMEs”, to support them in developing their businesses. As one of the first leasing companies in Tunisia to provide green financing, TLF will use this loan to further expand its renewable energy and energy-efficient machinery and equipment offerings.
“Symbiotics Investments is delighted to announce this recent transaction with TLF, a distinguished leader in Tunisia’s leasing and factoring sector. Through this new green loan, we are proud to reaffirm our commitment to combat climate change by promoting clean energy initiatives in emerging and frontier markets. We are excited to continue expanding green finance opportunities and look forward to making an even greater impact in collaboration with our partners.”, said Hassan Romani, Symbiotics Investments Regional Manager for MENAP.
“We are pleased to partner with Symbiotics Investments to sustain the development of small and medium Tunisian enterprises and provide further funding to improve energy efficiency, use renewable energy resources and develop sustainable energy policies. This facility provides to our company an important support in the implementation of our climate change policy.”, said Hichem Zghal, CEO of Tunisie Leasing and Factoring.
The following SDG is promoted with this green loan:
This green loan is issued via Symbiotics Investments sponsored bond issuance platform (Micro, Small & Medium Enterprises Bonds S.A.) under its Sustainable Bond Framework, certified in December 2019 and November 2021 by DNV GL.
Link to the Sustainable Bond Framework for Symbiotics
About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity-building services. Since 2005, Symbiotics Investments has originated over 7,100 investments representing more than USD 8.5 billion for 561 companies in 94 countries. symbioticsgroup.com
About Tunisie Leasing and Factoring
Tunisie Leasing is a leading leasing and factoring company in Tunisia that aims to provide responsible financial services to SMEs operating in various economic segments. TLF was constituted in 1984 as the first leasing company in Tunisia, it has a widespread presence, with 13 branches and approximately 187 employees. The Company offers a diverse range of products including leasing productive and medical equipment and factoring services. TLF is a member of the UN global compact initiative and aligns its strategy and operations with UN principles regarding human rights, labour environment and anti-corruption. The company also has a client data protection policy, CSR policy and it actively supports several social activities in Tunisia. https://www.tlf.com.tn/
For more information, contact:
Samy Derradji, Corporate Communication Manager, Symbiotics
Bassem Argoubi, Refinancing Manager, Tunisie Leasing and Factoring