Symbiotics Investments Launches Its First Green Bond in China With Zuoli
Symbiotics Investments has arranged a $6.3 million Green Bond for Zuoli. With the issuance of this Green Bond, Zuoli will finance, amongst others, green buildings and energy efficiency projects in the Zhejiang province. Through the proceeds of this bond, Zuoli showcases its ability to align with the internationally accepted International Capital Market Association Green Bond Principles (ICMA GBP), increasing the attraction of international financiers.
The issuance is also a milestone for Symbiotics Investments as it is the firm’s first green bond for China. As one of the fastest growing single-country markets for green bonds, China is providing ample investment opportunities for investors keen to support efforts in climate change mitigation and adaptation.