Svasti Microfinance raises USD 5 Million from IIX's Women's Livelihood Bond 5, the World's First Orange Bond issuance
Mumbai (Maharashtra) [India], March 6 (ANI/PRNewswire): Mumbai-based Svasti Microfinance Private Limited (Svasti) has received US$ 5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange (IIX)'s Women's Livelihood Bond 5 (WLB5). WLB5 is the fifth issuance under IIX's Women's Livelihood Bond (WLB) Series, which is the world's first gender-lens bond compliant with International Capital Markets Association and listed on a stock exchange. Through five successful bond issuances, the WLB Series has mobilized over US$ 128 million - leading to i...