BII and Symbiotics Launch Second Green Basket Bond Across Asia and Africa [Video]

British International Investment (BII), the UK’s development finance institution, and Symbiotics Investments have launched a second Green Basket Bond to enhance financing for small-scale green projects and businesses across Africa, South Asia, and South-East Asia.

This initiative follows the success of their inaugural bond in 2022 and includes significant support for India’s energy transition objectives.

The new issuance, totalling USD 75 million, will be arranged by Symbiotics Investments. It will leverage BII’s longstanding experience as an impact investor to empower micro, small, and medium enterprise (MSME) lenders.

These funds will assist 10-15 additional MSME lenders, focusing on sectors such as renewable energy, energy efficiency, clean transportation, green buildings, agriculture, and forestry.

In addition to the financial commitment, British International Investment’s Technical Assistance facility will allocate over USD 460,000 to enhance climate financing expertise among MSME lenders participating in the program. This effort aims to bolster access to capital for local …