Daily Briefing: Vena Energy floats first USD green bond; Blockchain firm PLMP secures Cambodian licence

And Funding Societies has partnered with SGeBIZ to boost capital access.

From DealStreetAsia:

Independent power producer, Vena Energy, has become the first Singapore-based company to issue green bonds denominated in US dollars, hoping to attract global investors in the pure renewable energy space.

Vena Energy said it has successfully issued a total of $325m in fixed-rate green bond under Regulation S. The maturity was set at five years with a 3.133 per cent rate.

The company said the green bond proceeds will be used to refinance existing corporate loans for the development, construction, and operation of eligible green projects in line with Vena Energy’s Green Financing Framework.

The green bond is issued under the company’s Euro Medium Term Notes Programme established in November 2019.

Read more here. 

From DealStreetAsia:

Blockchain firm PLMP Fintech’s investment arm, PLMP Venture Capital, has secured an asset and fund management licence from the Securities and Exchange Commission of Cambodia (SECC), the company announced on Wednesday.

“The licence will open the doors to institutional and high-net-worth investment as we plan for the Creatanium Silicon Valley,” said Kym Kee, PLMP Venture Capital managing director.

The Creatanium Silicon Valley project, which has a projected value of $5b to achieve within 10 years, would become Cambodia’s first technology park to house SMEs and startups in emerging areas, such as AI, robotics and cybersecurity through blockchain.

The firm is currently in the midst of acquiring a specialized bank licence to launch public, private and online services and provide business loans and micro-loans through digital collaterals.

Read more here. 

From e27:

Crowdfunding platform Funding Societies have partnered with Singapore E-Business (SGeBIZ) to provide financing solutions to local SME suppliers and buyers.

SGeBIZ provides an e-procurement management system that connects buyers and suppliers. Through the partnership, the two companies aim to lower the barrier of access to working capital for SMEs.

Small businesses on SGeBIZ will now be able to access funds from Funding Societies which provides loans in as quickly as 24 hours.

Read more here.