Symbiotics Investments has arranged a USD 6.85 million Green Bond for CIFI.
With the issuance of this Green Bond, CIFI will promote sustainable development in Latin America and the Caribbean by financing several green projects in renewable energy: solar, wind, geothermal power, biomass or biogas power, and hydropower. Through the proceeds of this bond, CIFI showcases its ability to align with the internationally accepted International Capital Market Association Green Bond Principles “ICMA GBP,” increasing the attraction of international financiers.
With its diverse portfolio, spread in 18 countries in Latin America and Caribbean, CIFI has a solid track record in financing small and middle-sized infrastructure and energy projects, promoting sustainable development in the region.
“Symbiotics Investments is delighted to partner for the first time with CIFI, in its efforts to be a driver of change in the region. CIFI’s green loan products will help clients in their fight against climate change through smooth transition into renewable energy sources, thus powering a safer future.”, said Sebastian Sombra, Symbiotics Investments Regional Manager, Latin America.
Neila Urriola, CIFI’s Treasury Director, said: “CIFI is pleased to have achieved the first tranche of this new transaction with Symbiotics Investments to continue our commitment to promoting sustainable development in Latin America and the Caribbean’s middle market and generating positive impact with our investments. We are grateful to our new partner for obtaining this goal in 2022 to support the diversification of our green funding sources.”
The following SDG is promoted with this Green Bond issuance:
This Green Bond is issued via Symbiotics sponsored bond issuance platform (Micro, Small & Medium Enterprises Bonds S.A.) under its Sustainable Bond Framework, which was certified in December 2019 and November 2021 by DNV GL. The bond is listed on the Securities Official List of the Luxembourg Stock Exchange and displayed on the Luxembourg Green Exchange, in the Green Bond section.
Link to: 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 7.5 billion for 541 companies in 94 countries. symbioticsgroup.com
CIFI is a non-bank financial institution with over 20 years of experience in infrastructure and energy financing in Latin America and the Caribbean. Created in 2001, the company has analyzed more than 600 projects and has participated in more than 200 transactions for a value of more than US$1.8 billion. CIFI has become a leading participant in the trend toward sustainable infrastructure projects in Latin America and the region’s overall economic development. cifi.com
For more information, contact:
Samy Derradji, Corporate Communication Manager, Symbiotics
Marisa Urrutia, Communications Officer, CIFI