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Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M
Symbiotics, the leading market access platform for impact investing, has arranged the first Sustainability Bond ever issued in Georgia by raising $5 million in Georgian Lari equivalent for JSC MFO Crystal "Crystal".
The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country. The Green loans will be granted towards the promotion of energy efficiency, renewable energy, clean transportation and sustainable agriculture.
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