Global Green Bond Initiative Feeder Fund, SA SICAV-RAIF
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
The Global Green Bond Initiative (GGBI) is an EU-led initiative supported by a consortium of European Development Finance institutions aiming to mobilize private capital by investing in green bonds issued in low- and middle-income countries. The goal is to help close the climate finance gap and support the development of local green bond markets.
What is our funding objective?
In the context of GGBI, FMO will invest committed equity in a dedicated de-risked fund, which aims to accelerate green bond issuance in low- and middle-income countries. The objective is to mobilize private capital and support climate mitigation and adaptation in the target countries.
Why do we fund this investment?
FMO’s investment supports the development of local green bond markets and helps attract private capital to climate projects in the target countries. It contributes to expanding green finance in underserved regions and qualifies for the FMO Green Label, as it directly supports our SDG 13 objectives. 100% of the FMO’s investment is labelled as Green as it supports activities that contribute to climate mitigation and climate adaptation, contributing to SDG 13, in line with the FMO’ s methodology to determine the green finance attribution. 50% of the FMO’s investment is labelled as Reducing Inequalities as it supports activities that contribute to financial flows to LDCs contributing to SDG 10.
What is the Environmental and Social categorization rationale?
GGBI is categorized as E&S A, in line with FMO’s Sustainability Policy. The fund has an investment mandate which allows it to pursue up to E&S risk Category A Investments (i.e. bonds whose underlying use-of-proceeds support projects with high E&S risk). The fund’s investments will be in Green and Sustainability Bonds – capital market instruments that may present limited leverage on E&S risk management when compared to loans and equity investments. The fund (through the fund manager, Amundi) will implement an ESG Charter that establishes a framework for the selection, management, and monitoring of the fund’s investments in line with international good practice E&S standards.
- Website customer/investment
- https://capacity4dev.europa.eu/resources/team-europe-tracker/partner-countries/global/global-green-bond-initiative-ggbi_en
- Country
- Global
- Sector
- Financial Institutions
- Publication date
- 8/7/2025
- Effective date
- 4/24/2026
- Total FMO financing
- EUR 150.46 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A