LONDON, April 09, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announces they have secured a US$50M facility senior debt facility from JICA, The Japan International Cooperation Agency.

KMF Chairman of the Board Shalkar Zhusupov: “This is the first time that KMF has entered into a partnership with JICA, whose goals and mission are close to our own. We are grateful to EMGA and JICA for their trust and support. The funds from JICA will be used to implement projects to support micro and small enterprises, including rural entrepreneurs, which will create new opportunities and contribute to their economic growth.”

EMGA’s Head of Investment Banking and Managing Director Sajeev Chakkalakal said, “We are delighted to have arranged this new landmark debt facility for our long–standing client KMF. It has been a real pleasure to work with them again, as they continue to solidify their position as the largest MFI in the country, and further strengthen their financial position in spite of turbulent times.”

EMGA’s Managing Director Jeremy Dobson added, “This new financing will help KMF deliver on their stated mission; to continue to help entrepreneurs throughout Kazakhstan, and to develop their business with a greater focus on female owned businesses and in rural areas.”

MFO KMF is one of the leaders in Central Asian microfinance sector. The company aims to establish long–term partnership relations with clients based on mutual trust, understanding and respect. MFO “KMF” disburses clients individual and group loans for the following types of activity: business, trade, crop farming and cattle–breeding, production and services and consumer lending.

JICA: The Japan International Cooperation Agency is a governmental agency that delivers the bulk of Official Development Assistance for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.

Emerging Markets Global Advisory Limited (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multi–national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Kazakhstan which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre–eminent emerging markets focused niche investment banks.

Contact details
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GLOBENEWSWIRE (Distribution ID 1000933917)

LONDRES, Jan. 11, 2024 (GLOBE NEWSWIRE) — O Emerging Markets Global Advisory LLP (EMGA), um banco de investimento especializado em mercados emergentes, conseguiu assegurar um compromisso de 30 milhões de dólares americanos em financiamento de dívida sénior para o Citizens Development Business Finance PLC (CDB), com sede no Sri Lanka. O EMGA iniciou, estruturou e negociou este acordo de financiamento, com o apoio financeiro fornecido pela U.S. International Development Finance Corporation (DFC).

Sajeev Chakkalakal, Diretor da Banca de Investimento do EMGA, comentou que “Apesar dos desafios que enfrentámos, estamos muito satisfeitos por termos apresentado novamente uma solução de financiamento inovadora para o CDB. Consideramos que se trata de um marco significativo, sendo este o primeiro compromisso de financiamento externo assegurado a uma instituição financeira não–bancária do Sri Lanka em vários anos. De igual modo, irá permitir que o CDB continue a apoiar as PME, incluindo as empresas detidas por mulheres, bem como o sector das energias renováveis no país”.

Jeremy Dobson, Diretor de Operações do EMGA, comentou que “A forte posição financeira do CDB permitiu ao EMGA navegar contra os ventos macroeconómicos prevalecentes no Sri Lanka para garantir o compromisso deste financiamento. Esta conquista não só sublinha a experiência do EMGA em navegar em cenários financeiros complexos, como também destaca a colaboração bem–sucedida entre o EMGA, o CDB e o DFC na criação de um precedente positivo para uma instituição financeira líder do Sri Lanka garantir financiamento externo em climas económicos difíceis”.

Maryam Khosharay, vice–presidente adjunta do Gabinete de Crédito ao Desenvolvimento da DFC, comentou: “Estamos muito satisfeitos por dar continuidade ao compromisso da DFC para reforçar os investimentos no Sri Lanka, especialmente os que promovem o financiamento para as mulheres e os ativos ecológicos numa altura em que se enfrentam dificuldades económicas e preços elevados da energia”.

Roshan Abeygoonewardena, Diretor de Finanças Corporativas do CDB, comentando a transação, expôs que o CDB tem vindo a reforçar continuamente a base da pirâmide como um ethos abrangente da sua agenda de sustentabilidade. “Para nós, mulheres empresárias, especialmente nas microempresas e nas PME, é onde assenta o desenvolvimento da economia. Dar prioridade à emancipação das mulheres no nosso modelo de negócio, com acesso ao financiamento, o que, por sua vez, irá estimular a independência financeira e a inclusão, será a panaceia para impulsionar o desenvolvimento e a agenda económica do Sri Lanka”.

O Emerging Markets Global Advisory LLP (EMGA), sediado em Londres e em Nova Iorque, ajuda as instituições financeiras e as empresas que procuram novas dívidas ou capital próprio. A equipa multinacional do EMGA combina décadas de experiência, necessárias para a conclusão de transações na maioria dos países emergentes, incluindo no Sri Lanka. O EMGA continua a expandir o seu alcance geográfico, solidificando o seu lugar como um banco de investimento de nicho, proeminente e centrado nos mercados emergentes.

O Citizens Development Business Finance PLC (CDB) encontra–se entre as cinco maiores instituições financeiras não–bancárias do Sri Lanka, e é uma das instituições financeiras mais inovadoras do país, com um forte compromisso para com a sustentabilidade, a governação empresarial exemplar, responsabilidade e transparência. É conhecida por perturbar o setor dos serviços financeiros com inovações tecnológicas de grande alcance e soluções financeiras de ponta.

A U.S. International Development Finance Corporation dos (DFC) é a instituição de financiamento do desenvolvimento do Governo dos EUA. O DFC estabelece parcerias com o setor privado para financiar soluções para os desafios mais críticos que o mundo em desenvolvimento atualmente enfrenta. Investimos em setores como a energia, cuidados de saúde, infraestruturas, agricultura, pequenas empresas e serviços financeiros. Os investimentos do DFC obedecem a padrões elevados e respeitam o ambiente, os direitos humanos e os direitos dos trabalhadores.

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GLOBENEWSWIRE (Distribution ID 1000908404)

LONDRES, 11 janv. 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), banque d’investissement spécialisée dans les marchés émergents, vient d’obtenir un engagement de 30 millions de dollars américains en financement par dette senior pour Citizens Development Business Finance PLC (CDB), basée au Sri Lanka. EMGA a initié, structuré et négocié cet accord de financement, avec le soutien financier de l’Agence Américaine de Financement pour le Développement International (DFC).

Sajeev Chakkalakal, directeur des services de banque d’investissement chez EMGA, a ainsi déclaré : « Malgré les difficultés rencontrées, nous sommes ravis d’avoir à nouveau fourni une solution de financement innovante à la CDB. Nous estimons que cela constitue une étape importante, puisqu’il s’agit du premier engagement de financement externe obtenu pour une IFNB (Institution Financière Non Bancaire) sri–lankaise depuis plusieurs années. Cela permettra également à CDB de continuer à soutenir les PME, y compris les entreprises appartenant à des femmes, ainsi que le secteur des énergies renouvelables dans le pays. »

Jeremy Dobson, directeur des opérations chez EMGA, a ajouté : « La forte capacité financière de CDB a permis à EMGA de naviguer les courants macroéconomiques divergents qui prévalent au Sri Lanka et d’obtenir l’engagement pour ce financement. Cette réussite souligne non seulement l’expertise d’EMGA dans la gestion d’environnements financiers complexes, mais également la collaboration fructueuse entre EMGA, CDB et la DFC, qui a permis de créer un précédent positif pour une institution financière sri–lankaise de premier plan, lui permettant d’obtenir un financement externe dans un climat économique difficile. »

Maryam Khosharay, vice–présidente adjointe du service des crédits au développement de la DFC, a ainsi confié : « Nous sommes très heureux de poursuivre l’engagement de la DFC à soutenir les investissements au Sri Lanka, en particulier ceux favorisant le financement bénéficiant les femmes et les actifs verts et ce en période de difficultés économiques et de hauts prix des énergies. »

Commentant la transaction, le directeur des finances de CDB, Roshan Abeygoonewardena, a précisé que CDB n’a cessé de renforcer la base de la pyramide économique, ce qui est un principe fondamental de son programme de développement durable. « Nous estimons que les femmes entrepreneurs, en particulier dans les microentreprises et les PME, sont les rouages de l’économie. Donner la priorité à l’autonomisation des femmes dans notre modèle d’entreprise avec un accès au financement qui, à son tour, stimulera l’indépendance et l’inclusion financières, sera crucial pour donner de l’élan au développement et à l’agenda économique du Sri Lanka. »

La société EMGA (Emerging Markets Global Advisory LLP), dotée de bureaux à Londres et à New York, aide les institutions financières et les entreprises à la recherche de nouveaux capitaux d’emprunt ou de fonds propres. L’équipe multinationale d’EMGA représente les décennies d’expérience nécessaires pour mener à bien des transactions dans la plupart des pays émergents, y compris le Sri Lanka. EMGA continue d’étendre sa portée géographique, consolidant ainsi sa place en tant que banque d’investissement spécialisée prédominante, dont le focus est les marchés émergents.

Citizens Development Business Finance PLC (CDB) figure parmi les cinq plus grandes institutions financières non bancaires du Sri Lanka. C’est également l’un des établissements financiers les plus innovants du pays, avec un engagement fort en faveur de la durabilité ainsi qu’une gouvernance d’entreprise, une prise de responsabilité et une transparence exemplaires. Elle est réputée pour son bouleversement du secteur des services financiers grâce à des innovations technologiques de grande envergure et des solutions financières avant–gardistes.

L’Agence Américaine de Financement pour le Développement International (DFC) est l’organisme du gouvernement américain du financement pour le développement. La DFC s’associe au secteur privé pour financer des solutions aux défis les plus critiques auxquels les régions en voie de développement sont confrontées aujourd’hui. Nous investissons dans des secteurs tels que l’énergie, les soins de santé, les infrastructures, l’agriculture, les petites entreprises et les services financiers. Les investissements de la DFC répondent à des normes rigoureuses et respectent l’environnement, les droits de l’homme et les droits des travailleurs.

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GLOBENEWSWIRE (Distribution ID 1000908404)

LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), eine auf Schwellenländer spezialisierte Investmentbank, hat erfolgreich eine Zusage für eine vorrangige Fremdfinanzierung in Höhe von 30,0 Mio. USD für Citizens Development Business Finance PLC (CDB) mit Sitz in Sri Lanka erhalten. EMGA initiierte, strukturierte und verhandelte diese Finanzierung mit finanzieller Unterstützung der U.S. International Development Finance Corporation (DFC).

Sajeev Chakkalakal, Leiter des Bereichs Investment Banking bei EMGA, dazu: „Trotz der Herausforderungen, mit denen wir konfrontiert waren, freuen wir uns, erneut eine innovative Finanzierungslösung für CDB entwickelt zu haben. Wir glauben, dass dies ein wichtiger Meilenstein ist, da dies die erste externe Finanzierungszusage für ein srilankisches Nichtbanken–Finanzunternehmen seit mehreren Jahren ist. Dies wird CDB auch ermöglichen, weiterhin KMU, einschließlich Unternehmen in Frauenhand, sowie den Sektor der erneuerbaren Energien im Land zu unterstützen.“

Jeremy Dobson, Chief Operating Officer von EMGA, dazu: „Die starke Finanzkraft von CDB ermöglichte es EMGA, die vorherrschenden makroökonomischen Gegenwinde in Sri Lanka zu meistern und sich die Zusage für diese Finanzierung zu sichern. Dieser Erfolg unterstreicht nicht nur die Kompetenz von EMGA bei der Navigation durch komplexe Finanzlandschaften, sondern auch die erfolgreiche Zusammenarbeit zwischen EMGA, CDB und der DFC, mit der ein positiver Präzedenzfall für ein führendes srilankisches Finanzinstitut geschaffen wurde, das sich in einem schwierigen wirtschaftlichen Umfeld externe Finanzmittel sichern konnte.“

Maryam Khosharay, Deputy Vice President des Office of Development Credit bei der DFC, dazu: „Wir freuen uns sehr, das Engagement der DFC zur Förderung von Investitionen in Sri Lanka fortzusetzen, insbesondere zur Förderung der Finanzierung von Frauen und umweltfreundlichen Anlagen in Zeiten wirtschaftlicher Schwierigkeiten und hoher Energiepreise.“

Roshan Abeygoonewardena, Director Corporate Finance bei CDB, kommentierte die Transaktion mit den Worten, dass CDB das unterste Ende der Pyramide als übergreifendes Ethos der Nachhaltigkeitsagenda des Unternehmens kontinuierlich gestärkt hat. „Für uns Unternehmerinnen drehen sich die Räder der Wirtschaft vor allem im Mikrosegment und im Bereich der KMU. Die Stärkung der Rolle der Frau in unserem Geschäftsmodell und der Zugang zu Finanzmitteln, der wiederum die finanzielle Unabhängigkeit und Inklusion fördert, werden das Allheilmittel sein, um die Entwicklung und die wirtschaftliche Agenda Sri Lankas voranzutreiben.“

Emerging Markets Global Advisory LLP (EMGA) mit Sitz in London und New York unterstützt Finanzinstitute und Unternehmen, die neues Fremd– oder Eigenkapital suchen. Das multinationale Team von EMGA vereint die jahrzehntelange Erfahrung, die notwendig ist, um Transaktionen in den meisten Schwellenländern, einschließlich Sri Lanka, durchzuführen. EMGA baut seine geografische Reichweite weiter aus und festigt damit seine Position als herausragende, auf Schwellenländer fokussierte Nischen–Investmentbank.

Citizens Development Business Finance PLC (CDB) gehört zu den fünf größten Nichtbank–Finanzinstituten in Sri Lanka und ist eines der innovativsten Finanzinstitute des Landes mit einem starken Engagement für Nachhaltigkeit, vorbildliche Unternehmensführung, Verantwortlichkeit und Transparenz. Es ist dafür bekannt, dass es die Finanzdienstleistungsbranche mit weitreichenden technologischen Innovationen und innovativen Finanzlösungen auf den Kopf stellt.

Die U.S. International Development Finance Corporation (DFC) ist die Entwicklungsfinanzierungsinstitution der US–Regierung. Die DFC arbeitet mit dem privaten Sektor zusammen, um Lösungen für die größten Herausforderungen zu finanzieren, mit denen die Entwicklungsländer heute konfrontiert sind. Wir investieren in Sektoren wie Energie, Gesundheitswesen, Infrastruktur, Landwirtschaft, kleine Unternehmen und Finanzdienstleistungen. Die Investitionen der DFC halten sich an hohe Standards und respektieren die Umwelt, die Menschenrechte und die Rechte der Arbeitnehmer.

Kontaktinformationen
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GLOBENEWSWIRE (Distribution ID 1000908404)

LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million in senior debt finance for Citizens Development Business Finance PLC (CDB) based in Sri Lanka. EMGA originated, structured, and negotiated this financing arrangement, with the financial support provided by the U.S. International Development Finance Corporation (DFC).

Sajeev Chakkalakal, EMGA's Head of Investment Banking commented, “Despite the challenges we faced, we are delighted to have delivered again an innovative funding solution for CDB. We believe this marks a significant milestone, in being the first external funding commitment secured for a Sri Lankan NBFI in several years. It will also allow for CDB to continue to support SMEs, including female–owned enterprises, as well as the renewable energy sector in the country.”

Jeremy Dobson, EMGA's Chief Operating Officer commentated, “CDB's strong financial standing enabled EMGA to navigate the prevailing macroeconomic headwinds in Sri Lanka to secure the commitment for this funding. This achievement not only underscores EMGA's expertise in navigating complex financial landscapes, but also highlights the successful collaboration between EMGA, CDB, and DFC in setting a positive precedent for a leading Sri Lankan financial institution to secure external funding in challenging economic climates.”

Maryam Khosharay, DFC’s Deputy Vice President of the Office of Development Credit commented, “We are very glad to continue DFC’s commitment to bolstering investments in Sri Lanka especially those advancing financing for women and green assets in times of economic difficulty and high energy prices.”

Commenting on the transaction, Director Corporate Finance of CDB Roshan Abeygoonewardena opined that CDB has been continually strengthening the bottom of the pyramid as an overarching ethos of its sustainability agenda. “For us women entrepreneurs, especially in the micro and SMEs is where the wheels of the economy turn. Prioritizing women’s empowerment in our business model with access to finance which in turn will spur financial independence and inclusivity will be the panacea in adding fillip to Sri Lanka’s development and economic agenda.”

Emerging Markets Global Advisory LLP (EMGA), based in London and New York helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multi–national team combine the decades of experience necessary to complete transactions within most emerging countries, including Sri Lanka. EMGA continues to expand its geographic reach, solidifying its place as a preeminent, emerging market focused, niche investment bank.

Citizens Development Business Finance PLC (CDB) stands among the five largest non–Bank financial institutions in Sri Lanka and is one of the most innovative financial institutions in the country, with a strong commitment to sustainability, exemplary corporate governance, accountability, and transparency. It is renowned for disrupting the financial services industry with far–reaching technological innovations and cutting–edge financial solutions.

The U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

Contact details
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GLOBENEWSWIRE (Distribution ID 1000908217)

LONDON, Oct. 31, 2022 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) for the second time working with Banco Improsa, secures this US$20M facility from the Spanish Agency for International Development Cooperation (AECID) – AECID (advised by COFIDES).

Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: “Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium–sized enterprises (MSMEs). With this credit we will continue our contribution to the economic and social development of the country.”

EMGA's Head of Investment Banking Sajeev Chakkalakal said, "A pleasure again to facilitate Banco Improsa's continued vision of supporting SMEs within Costa Rica and complete this funding solution with AECID (advised by COFIDES)."

Jos Luis Curbelo, chairman and CEO of COFIDES, stated that "we are pleased to support AECID in its first impact project with EMGA and IMPROSA in the Central American region. The transaction will be used to finance small and medium enterprises in Costa Rica, which will contribute to the creation and maintenance of quality jobs and reducing inequalities. We look forward to continuing these strategic partnerships, which enhance economic growth in developing countries by strengthening the private sector through sound financial support."

Carlos Jimnez Aguirre, General Manager of FONPRODE and Head AECID's Financial Cooperation Department expressed that "the formalization of this transaction reflects Spanish Cooperation's aims to contribute to expand the financial support for Costa Rican micro, small and medium–sized enterprises (MSMEs), as MSMEs play a key role in creating and maintaining decent jobs and reducing inequalities. Our intention is to expand this kind of support to other Central American countries in providing access to finance to MSMEs, with a special focus on mainstreaming gender and climate change strategies in private sector activities."

Emerging Markets Global Advisory LLP, based in London, helps emerging market based financial institutions and corporates seeking new debt or equity capital.

Banco Improsa was founded in 1995 and is a niche bank with a specialization in providing financial solutions and services to MSMEs, which account for most of its portfolio. It has an extensive track record in providing support and advisory services to MSMEs. Banco Improsa's key success factor lies in its commitment to high standards of personalized, agile, and flexible service, which, together with customized financial solutions, have enabled it to achieve a solid position in these segments. Banco Improsa is part of Grupo Financiero Improsa (GFI).

Fund for the Promotion of Development (FONPRODE), managed by Spanish Agency for International Development Cooperation (AECID) with the support of COFIDES (Spanish Development Finance Institution). AECID is the main management body of Spanish Cooperation and is oriented towards the fight against poverty and the promotion of sustainable development. COFIDES provides support management for FONPRODE with reimbursable financing operations that promote social and economic development of partner countries through investments or transfers of economic resources with a reimbursable nature. FONPRODE may finance non–reimbursable and reimbursable debt and equity. Examples of refundable financing offered by FONPRODE are loans to financial service providers aimed at financial inclusion.

COFIDES, a state–owned company engaging in the management of State and third–party as well as its own funds, pursues several aims; internationalization of Spain's economy, furtherance of economic development and fortification of the solvency of companies affected by COVID–19. In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).

Jeremy Dobson

info@emergingmarketsglobaladvisory.com

GLOBENEWSWIRE (Distribution ID 1000753987)

LONDON, Oct. 03, 2022 (GLOBE NEWSWIRE) — The EURO 9.4 million funding facility for Kashf Foundation was originated, structured, and negotiated by Emerging Markets Global Advisory LLP (EMGA), the emerging market investment bank.

Speaking on the transaction, Mr Shahzad Iqbal, CFO of Kashf Foundation said, "Kashf Foundation is registered as a Non–Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low–income households especially for women. It has a current outreach of over 600,00+ female borrowers across its 360+ branches with a GLP of USD 90+ million."

"Just to share that it has always been a pleasure working with EMGA on new transactions to expand our network and outreach. This is the first ever transaction that we are doing with BIO and that too, in Euros. I believe BIO and Kashf will work together and build a strong relationship to increase the financial inclusion in Pakistan and particularly for women. This transaction will help Kashf Foundation to expand its outreach not only in its existing operational areas but also in the new geographical regions across Pakistan."

Emerging Markets Global Advisory LLP (EMGA)'s Managing Director and Head of Investment Banking Sajeev Chakkalakal said, "It has been a pleasure to continue our long–term partnership with Kashf Foundation and deliver this new financing solution despite the volatile economic environment both within Pakistan as well as globally." Also commentating on the transaction, Emerging Markets Global Advisory Limited (EMGA)'s Managing Director Jeremy Dobson said, "It was a real pleasure to work with Kashf Foundation again on this latest transaction and help support their female micro–entrepreneur client base."

Frdric Vereecke, Investment Officer from the Belgian Investment Company for Developing countries (BIO) commented, "We welcome the opportunity to support Kashf Foundation in empowering women and their families by providing quality financial services to low–income households in Pakistan."

Kashf Foundation is registered as a Non–Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low–income households especially women.

Belgian Investment Company for Developing countries (BIO) supports a strong private sector in developing and emerging countries, to enable them to gain access to growth and sustainable development within the framework of the Sustainable Development Goals. They achieve this by investing in small and medium–sized enterprises, financial institutions, and infrastructure projects, contributing to socio–economic growth in developing countries.

Emerging Markets Global Advisory Limited (EMGA), with offices in New York and London helps financial institutions and corporates that seek new debt or equity capital. EMGA provides its services, to clients within many of the worlds rapidly developing economies, including Pakistan. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to expand its geographic reach and service offering, as they solidify their place in the market as one of the industries preeminent emerging markets focused investment banks.

Contact details
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LONDON, March 10, 2022 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, announces today another landmark Senior Debt capital raise transaction that will allow BTG Pactual to continue the expansion of its small and medium–sized enterprise (SME) lending activities in Brazil.

The US$200 million debt facility was provided by JICA and the transaction follows on from two previous DFI financed facilities of US$140 million and US$300 million respectively that EMGA has had also advised on.

A JICA spokesman said, "Thanks to EMGA's support, we will partner Banco BTG Pactual S.A. addressing the funding gap for MSMEs in Brazil. BTG Pactual is among the first to introduce digital platforms offering financial solutions to businesses throughout the whole nation. With its digital platforms readily available to support the lending operation, Banco BTG Pactual S.A. can efficiently extend credits to the Northeast and Northern Regions, where only a limited number of financial institutions are actively operating to serve businesses at this time."

Sajeev Chakkalakal, Managing Director and Head of Investment Banking at EMGA, said: “It was a real pleasure to help BTG's team again by advising on this additional facility aimed at funding BTG's small and medium enterprise loan portfolio across Brazil. JICA is an important partner of EMGA and its position as a pre–eminent development finance institution also offers another new strategic long term funding source for BTG."

Jeremy Dobson, Managing Director, and Head of Business Development at EMGA, added: "Our team is delighted to have acted as advisor again to BTG and look forward to their continued success."

BTG Pactual: BTG is the largest investment bank in Latin America, the 6th largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations. BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community.

JICA: The Japan International Cooperation Agency is a governmental agency that delivers the bulk of Official Development Assistance for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.

Emerging Markets Global Advisory Limited (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA's multi–national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world's emerging markets and frontier economies, including Brazil which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre–eminent emerging markets focused niche investment banks.

Contact info@emergingmarketsglobaladvisory.com

GLOBENEWSWIRE (Distribution ID 1000610054)

LONDON, March 10, 2022 (GLOBE NEWSWIRE) — Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction.

The EUR 15 million debt facility comes at a time when financial institutions world–wide are exploring new cross–border funding options to further deliver on their objectives.

"Increasing financial inclusion is one of our main strategic goals. We are therefore proud to work with Annapurna "" an experienced partner in the field of microfinance," stated Sabine Gaber, member of OeEB's Executive Board. "Especially women often have very limited access to financial services, which is why we are particularly happy that our funds will support female entrepreneurs and contribute to improving gender equality in India."

Commenting on the transaction, Annapurna's CFO Satyajit Das said, "Annapurna is very pleased and welcomes OeEB as a new debt partner." He further shared that, "We continued to grow despite the pandemic and the funding provided by OeEB will help boost our activities while generating strong positive impact." He also praised EMGA advisory team in closing the deal.

EMGA's Managing Director and Investment Banking Head Sajeev Chakkalakal said, "It was a pleasure to be able to communicate Annapurna's vision of economic empowerment within India and successfully structure and negotiate this funding solution with OeEB." Managing Director Jeremy Dobson added "Annapurna's strong management and solid financial position were major factors that enabled Sajeev and EMGA's Investment Banking team to complete this financing in tandem with the deep institutional framework and financial capacity that OeEB represents."

Annapurna Finance is one of the top ten NBFC–MFIs in India. Annapurna Finance was established with a purpose of serving their clients by bringing them to mainstream, providing need based financial services at their doorstep. They currently operate in 19 states and manage assets of more than EURO 640 mn in microfinance and MSME space. They are headquartered out of Bhubaneswar, Odisha.

Oesterreichische Entwicklungsbank AG (OeEB) has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long–term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects. For more information, please visit https://www.oe–eb.at/

Emerging Markets Global Advisory (EMGA), with offices in London and New York, helps financial institutions and corporates seeking debt or equity capital. EMGA's multi–national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world's emerging markets and frontier economies, including India which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre–eminent emerging markets focused niche investment banks.

info@emergingmarketsglobaladvisory.com

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