, a technology company, has announced the successful issuance of the first series of its N10 billion Green Bond Issuance Programme.
“The issuance is the first of its kind in several categories. In Africa, it is the first: Corporate Green Bond for Off-Grid Renewable Energy Project, Corporate Green Sukuk and Corporate Joint Green Bond and Green Sukuk; and it is the 13th Green Sukuk in the world. “The issue was also supported by Marble Capital Ltd. as Shariah Advisor, and Bloomfield LP as Legal Advisers. In addition, Financial Sector Deepening Africa provided immense technical assistance in support of the issue,” she said.
“This will be in line with the eligibility criteria, as defined in its Green Bond Framework, and support the adoption of best market practices and reporting standards to deepen the green bond market,” she noted.