The international investment bank S.A. (iibCV), in partnership with the United Nations Development Program (UNDP) & the Joint Fund, has announced the launch of the first Public Offering of Green Bonds in Cape Verde.

iibCV, in partnership with UNDP & the Joint Fund, announced today, November 24, through the Cape Verde Stock Exchange, at the Special Launch Session of the Public Offering for Subscription and Listing of the iib Green Bonds designated as “iib Renewable and Energy-Efficiency Green Bond Series E – 3.5% 2023 | 2026”.

These bonds are aimed at domestic and foreign investors and represent a bond loan from iibCV in the initial total amount of 400,000,000 CVE (four hundred million escudos).

The purpose of this public offering is to finance iib’s activities, complemented by the implementation of its sustainability and social responsibility policy, as well as a noble objective that deserves to be highlighted: there will be an additional remuneration of 0.5% per year on the total amount subscribed, destined for the Agostinho Neto University Hospital (HUAN), to finance the development of projects related to the generation of renewable energy, energy efficiency, pollution reduction, water and waste management, in the area of the Green Economy.

Subscription orders can be submitted through the Blu-X trading platform (www.blu-x.cv) of the Cape Verde Stock Exchange for those who have an account, or over the counter of the banks operating the exchange.

In this sense, we recognize the crucial importance of the banks operating the stock exchange, which play a fundamental role in receiving subscription orders from their clients, thus contributing to the success of this operation.