We acted as the sole legal advisor to Finnfund, a Finnish development financier and impact investor, in the issuance of a EUR 75 million sustainability bond.
The 3-year bond offering was allocated to approximately ten Finnish and international investors, including a portion of dedicated sustainability bond investors and portfolios. The bond represents Finnfund’s first issuance under its newly established Sustainability Bond Framework.
The proceeds from the issue will be used in accordance with Finnfund’s Sustainability Bond Framework to finance and refinance eligible green lending, equity investments and mezzanine financing mainly targeting the objective of climate change mitigation and adaptation and improved living and health conditions for unserved groups.
Net proceeds will be allocated to eligible projects with the objective to mobilise debt capital to support Finnfund’s mission to generate lasting impact by investing in businesses that solve global development challenges.
