Symbiotics Launched Two Green Bonds of $17 Million in Africa With Sun King

Symbiotics, the leading market access platform for impact investing, has arranged two Green Bonds for a total of USD 17 million for Sun King (former Greenlight Planet INC), one of the largest solar companies in Africa and Asia, to deliver off-grid energy technologies to households across the two continents.

With the issuance of these Green Bonds, Sun King showcases its ability to align with the accepted International Capital Market Association Green Bond Principles or Sustainability Bond Guidelines (ICMA GBP), increasing the attraction of international financiers.

The green projects that will be financed  belong to the renewable energy category, in particular solar kits.