Vigeo Eiris: second party opinion for Meridiam’s green and social bond
This transaction finalized on November 30th, 2016 will finance a public-private partnership of Elazig hospital in Turkey
Of a 288 million euros amount, and with a 20 years maturity, this sustainable issuance is the first one to finance a PPP (Public-Private Partnership) in Turkey and it benefit from credit enhancement tools developed by the EBRD ( European Bank for Reconstruction and Development) and the World Bank through MIGA (Multilateral Investment Guarantee Agency).
This mechanism for financing has been created following the COP 21 and the commitments taken to support emerging countries to reach their sustainable development goals (SDGs).
Vigeo Eiris evaluated this sustainable bond and provided an opinion on the environmental and social purposes as well as the responsible management of the issuance.