Svasti Microfinance raises USD 5 Million from IIX s Women s Livelihood Bond 5, the World s First Orange Bond issuance - PRN India News webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], March 6 (ANI/PRNewswire): Mumbai-based Svasti Microfinance Private Limited (Svasti) has received US$ 5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange (IIX)'s Women's Livelihood Bond 5 (WLB5). WLB5 is the fifth issuance under IIX's Women's Livelihood Bond (WLB) Series, which is the world's first gender-lens bond compliant with International Capital Markets Association and listed on a stock exchange. Through five successful bond issuances, the WLB Series has mobilized over US$ 128 million - leading to improved livelihoods and economic resilience for more than 1.3 million women across Asia-Pacific and Africa. The proceeds of this 4-year Non-Convertible Debenture will go toward empowering women through income-generating activities and promoting sustainable livelihoods. IIX recently launched the Orange Bond Initiative, which is the world's first asset class built by and for the Global South and
Gender diversity bonds get South Africa debut businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.
The Johannesburg-based company is planning to raise as much as R1 billion in three-year and five-year bonds with rates linked to goals for women in leadership and in its supply chains.