Bharat Housing Network raises $5m through green bonds from Symbiotics
The financing will support rooftop solar, electric mobility and credit for clean-technology small businesses.
Green-asset lending through the network
Symbiotics provided Bharat Housing Network with $5 million in green-bond financing. The proceeds will be deployed through group lender Singularity Creditworld for rooftop solar, electric mobility and clean-technology MSME credit.
BHN’s allocation is $5 million. The $75 million basket-bond programme cited in the coverage spans a broader financing programme and is separate from the amount raised by BHN.
Use of funds
Finance rooftop solar assets
Finance electric mobility assets
Provide credit to clean-tech MSMEs