CABEI has priced a new blue bond for €30 million to finance the sustainable recovery of Lake Yojoa in Honduras.The issuance, targeted at a Spanish investor, was structured with an initial tenor of 30 years under a flexible structure adapted to current market conditions. This placement was... More

Sun King has secured an $80 million, fully Naira-denominated loan facility to scale access to off-grid solar energy in Nigeria. The financing from IFC and Stanbic IBTC Bank enables households and small businesses to adopt clean, reliable solar power without prohibitive upfront costs.By combining... More

NIB and Norwegian Sogn og Fjordande Energi (SFE) - a supplier of renewable energy in western Norway - have signed a €30 million (about $33.7 million) investment loan for the Oksenelvane hydropower station upgrade project. The term of the loan is 15 years.Oksenelvane Power Plant was one of the... More

Brazilian forest restoration group re.green has secured BRL80 million (over $14 million) from BNDES via the Climate Fund. The deal marks the first biodiversity label ever applied to a restoration project in Brazil, with a “Dark Green” rating awarded by S&P Global. A year... More

EIB has signed a €300 million (about $338 million) deal with Portugal to co-finance the School Restoration and Rehabilitation Programme, which aims to modernise hundreds of state-funded schools across the country. At least 499 schools will be able to apply for assistance to undertake works... More

EBRD has subscribed to a €76 million ticket as part of the existing green bond programme of VGP, a pan-European provider of logistics and semi-industrial real estate.The tap issuance will increase the size of the original €500 million senior unsecured five-year green bonds issued in March... More

The World Bank has approved a $35 million concessional credit to support Uzbekistan in improving the availability and use of geospatial data. The project will contribute to the digitalisation of public service delivery and advance territorial development. The government of Uzbekistan will contribute... More

Algeria is expected to receive $3 billion in loans from the Islamic Development Bank over the next three years to support the implementation of key development projects.Bank President Muhammad Sulaiman Al Jasser said the funding will be directed toward projects including railway development, as part... More

ITFC has signed a €106 million ($118.7 million) deal with Societe Burkinabe des Fibres Textiles (SOFITEX) to support Burkina Faso's cotton campaign.This signing is in line with the $900 million framework agreement signed in May 2023 between ITFC and Burkina Faso. The new funding contributes... More

EBRD has subscribed to a €40 million ticket as part of a €350 million green bond issue by Lithuania’s Akropolis Group, a retail and entertainment platform in the Baltic states.The green bond issue was carried out in accordance with the company’s Green Finance Framework, which... More

Eurowind Energy has secured funding for its 60MW Teius Photovoltaic Park, which was inaugurated at the end of April in Alba County, Romania.Raiffeisen Bank Romania and Raiffeisen Bank International provided €28.7 million ($32 million) equally, representing 60% of the development costs of the... More

EIB is launching a new initiative to close Europe’s investment gap with the US, aiming to provide €70 billion (about $78 billion) in start-up funding by 2027. This will encourage private investors to get on board with projects, unlocking as much as €250 billion in investment for... More

EBRD is extending an €80 million ($90.2 million) portfolio risk-sharing guarantee to BNP Paribas Bank Polska (BNPPBP) to help increase access to green finance in Poland.EBRD’s guarantee will enable BNPPBP to lend €100 million worth of sub-loans to private individuals for residential... More

AfDB has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms.The funding will finance the Governance and Economic Resilience Support Programme (GERSP), a one-year general budget... More

Bulgaria's Eastern European Electric Company has issued a €500 million senior secured bond. The issuance represents the first publicly listed, euro-denominated, benchmark-sized bond by a Bulgarian private company in international debt capital markets. EBRD invested €50 million in the... More

The Development Bank of Nigeria is scaling up its commitment to Nigeria’s MSME sector, with plans to grow its outstanding loan portfolio to over NGN1.8 trillion (about $1.12 billion) as part of its new five-year strategic plan.The bank is looking to mobilise NGN3 trillion in debt and equity to... More

The arrears of approximately $15.5 million due to the International Development Association by Syria have been cleared, effective May 12. The payment to clear the arrears was made by Saudi Arabia and Qatar. Consequently, the country’s eligibility for new operations has been reinstated, subject... More

Milbank has appointed Adam Brenneman as a partner in the firm’s corporate finance and securities group in New York. Brenneman joins Milbank from Cleary Gottlieb, where he was a partner in the Latin America and Capital Markets practices. Brenneman’s practice encompasses diversified... More