The European Bank for Reconstruction and Development (EBRD) has invested US$ 13.8 million in the first green bond listed and traded on the Georgian stock exchange.
The US$ 80 million green secured bond offering by the Georgian Renewable Power Operations (GRPO) is also the first corporate issuance of this size in the country. The EBRD supported the issuance of the bond.
Through the investment, the GRPO is set to promote gender equality across the male-dominated energy sector and will implement outreach campaigns to raise awareness of the importance of women’s participation in the sector.
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