BII to devote at least 30% of its green bond to Africa

BII to devote at least 30% of its green bond to Africa

This climate financing in the form of a basket bond, the first of its kind for the British institution, represents $22.5 million and should finance three to five financial institutions on the continent. According to BII, the countries and financial institutions have yet to be confirmed.

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            ▪ BII to devote at least 30% of its green bond to Africa

▪ This climate financing in the form of a basket bond, the first of its kind for the British institution, represents $22.5 million and should finance three to five financial institutions on the continent. According to BII, the countries and financial institutions have yet to be confirmed.

https://www.africabusinessplus.com/en/812454/bii-to-devote-at-least-30-of-its-green-bond-to-africa/

British International Investment (BII), the UK’s development finance institution – formerly CDC – recently subscribed to a $75 million green basket bond to finance small businesses and green micro-projects in multiple countries in Africa and South East Asia through local financial institutions specialising in MSME finance.

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