Global Green Growth Institute님이 퍼감
📢 Exciting news! GGGI is thrilled and excited to share the news from Sanoat Qurilish Bank’s (SQB). SQB has successfully launched and priced a dual-tranche (USD 400M and 2.25Tn UZS) sustainable unsecured notes issuance, the first-ever issuance in the Capital Market under Reg. 144 A from Uzbekistan. SQB’s internationally verified Sustainability Bond is listed on the London Stock Exchange. GGGI revised the framework to align with the ICMA Green Bond Principles 2021 (GBP), Social Bond Principles 2023 (SBP), and Sustainability Bond Guidelines 2021 (SBG); it is also aligned with the Green Loan Principles 2023 (GLP) and Social Loan Principles 2023 (SLP) of the Loan Market Association (LMA), Loan Syndication and Trading Association (LSTA) and APLMA. GGGI worked with Sustainable Fitch to secure the Second party opinion for the Framework. The overall rating for the Second Party Opinion from Sustainable Fitch Inc. was a ‘good’ rating on the sustainability framework, with ‘excellent’ ratings for Evaluation and Selection and Impact Reporting and Transparency. The Framework and the SPO was appreciated by the syndicate partners Citibank, J.P. Morgan, and SOC. Gen. GGGI participated in the investment roadshows with the SQB team, the Ministry of Economy and Finance of the Republic of Uzbekistan, and the Syndicate partners and addressed/defended the framework and addressed investor queries regarding the Use of Proceeds, the thresholds set for financing the key sectors, allocation, and impact reporting. The Europe leg of roadshows was 4 continuous days of rigorous meetings covering 70 institutional accounts. The order books post the roadshows were a strong USD 640M and 2.3Tn UZS, of which USD 400M and 2.25Tn UZS were realized. This transaction is enabled through the support of the KOICA-funded ‘Green Rehabilitation Investment Project for Karakalpakstan Republic to address impacts of the Aral Sea crisis’ (#AralSeaGRIP),’ and will also boost climate-smart agriculture in the Aral Sea region. #AralSeaGRIP is implemented by GGGI Uzbekistan and the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan (MoEEPCC), with the support of the Ministry of Infrastructure, Investment and Trade and the Council of Ministers of the Republic of Karakalpakstan. 🌍💚 #Sustainability #GreenFinance #Uzbekistan