Daiwa and EBRD team up to issue microfinance bonds
20 May 2010
Daiwa Securities Group and The European Bank for Reconstruction and Development (“EBRD”) are planning an issue of EBRD microfinance bonds that will support the development of micro and small enterprises (MSEs) in the EBRD’s countries of operations.
The funding will be raised under the EBRD’s Global Medium Term Note Program. Proceeds will support EBRD operations that fund financial institutions which provide microfinance to small businesses. The inaugural issuance of EBRD’s Microfinance Bonds will be arranged by Daiwa Capital Markets and distributed by Daiwa Securities Co. Ltd. to Japanese retail and institutional investors. Full details are on the joint press release here.
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Caroline Klein, Communication & Marketing
Daiwa Capital Markets Europe Limited
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