Symbiotics Investments Fosters Education in India Through an Education-Focused Social Bond With Varthana
Symbiotics Investments has arranged an INR 207,000,000 ($2.5 million) Social Bond for Varthana in India, the largest school loan company headquartered in Bengaluru, India. Varthana finances affordable private schools and students with affordable school and student loans, customized to enable schools and students to unlock their full potential.
With the issuance of this education-focused social bond, Varthana can reach small and medium sized schools in smaller cities and provide financing for equipment purchases and for the construction and refurbishment of their facilities. It also showcases its ability to align with the internationally accepted International Capital Market Association Social Bond Principles “ICMA SBP”, increasing the attraction of international financiers.