Symbiotics Arranges a Sustainability Bond in Armenia With AraratBank for $14.5 Million
Symbiotics, the leading market access platform for impact investing, has arranged a $14.5 million Sustainability Bond for AraratBank.
The proceeds of the Sustainability Bond will finance both Social and Green eligible loans. Microenterprises and SMEs will benefit from the Social loans to encourage employment creation and business activity in the country. While Green loans will be dedicated to the promotion of renewable energy, energy efficiency, green buildings and clean transportation.