By Geoffrey on August 26, 2021
In a press release distributed on August 26, 2021 Symbiotics reported that it “has arranged a USD 6.25 million and VND 234 billion (USD 10.1 million) Green Bonds for EVNFinance.
EVNFinance, a Vietnamese non-bank Financial Institution regulated by the State Bank of Vietnam and listed on the UPCoM Stock exchange, showcased its continued commitment to finance green projects by receiving dedicated funding via the issuance of Green Bonds.
The proceeds will be used to fund solely green projects: renewable energy (C&I solar, roof-top solar), hydro power, and biomass energy.”
You may read the press release on the news page of the Symbiotics internet site.
Posted in 2021, Asia, Capital Markets, Europe, Finance, Fixed Income, Sustainability
By Geoffrey on August 20, 2021
On August 20, 2021 Minerva Analytics reported that “(a) group of emerging markets investors have put forward new guidelines for issuers of labelled green bonds in a push to strengthen this nascent market in developing economies.
The Emerging Markets Investors Alliance (EMIA) has developed the standards amid concerns of greenwashing as governments and corporates increasingly turn to the green bond market to raise capital.
According to the EMIA, the enhanced guidance offers “more specific and granular guidance” for emerging market labelled bond issuers and investors.
In particular, the standards introduce tighter rules on the use of proceeds, processes for project evaluation and selection, and the management of proceeds and post-issuance reporting.”
You can read the article on the Minverva Analytics internet site.
Posted in 2021, Capital Markets, Fixed Income, Sustainability