The proceeds of this Social Bond are to be allocated towards both micro loans up to $10,000 to microenterprises and SME loans up to $1 million to small and medium enterprises.

The grant aims to to strengthen the local economy and increase the revenue potential of small businesses and communities.

The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.

The collaboration will help address the liquidity constraints that micro, small, and medium enterprises are facing in the country, supporting economic stability.

This placement is the first-ever senior preferred bond issuance by Banca Comercială Romana S.A., Romania's second-largest bank.

ACBA has committed to use the proceeds of the Sustainability Bond for both social and green projects, in line with the ICMA Sustainability Bond Principles.

Research finds that the Symbiotics portfolio is recovering from the crisis stemming from the pandemic and its partners from the Caucasus region are following a similar trend, but at a slower pace. 

The proceeds will be used to fund solely green projects: renewable energy (C&I solar, roof-top solar), hydro power, and biomass energy.

Small and medium-sized enterprises in Romania will improve their access to finance with a new investment that aims to support SMEs, including women entrepreneurs impacted by the COVID-19 pandemic.

Micro and small enterprises (MSEs) in Kazakhstan stand to benefit from a new investment which aims to help businesses recover from the economic shock of the COVID-19 pandemic, resume operations, and adapt to the post-crisis environment.