British International Investment and Symbiotics Strengthen Partnership With Launch of Second Green Basket Bond Across Asia and Africa

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging markets access platform and financial lender. The green lending program will increase financing to small-scale green projects across Africa, South and Southeast Asia through MSME lenders, with a particular focus on India. It will focus on supporting new MSME lenders not included in the first Green Basket Bond.

Following the success of the first Green Basket Bond issued in 2022, this program will continue to leverage Symbiotics’ global network and BII’s 76-year track record as an impact investor, to support an additional 10 – 15 MSME lenders who require smaller investment capital than BII is typically able to fund directly.