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Press release: Symbiotics launches USD 17.14 million (INR 1,260,000,000) Bond to finance Indian C&I Solar developer Fourth Partner Energy Limited

Wednesday 16th, September 2020

Symbiotics, the leading market access platform for impact investing, has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects. It raised USD 17.14 million (INR 1,260,000,000) for Fourth Partner Energy Limited (“Fourth Partner Energy”), a commercial

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Testimonials

Mr. Nyamsuren, an enterprising businessman from Ulaanbaatar, owns several lines of businesses in the production of building materials and freight forwarding. He used to work for a company that refurbished used shipping containers and transformed them into affordable shelters for the local market. Today, with his family, he runs a concrete manufacturing business that provides employment to more than 100 locals. For this business, he leases construction vehicles from Xac Leasing.

“Without many alternative options from financial institutions in Mongolia for the development of the construction sector, I am glad to still have the lifeline from Xac Leasing”

 

Mr. Nyamsuren