Citi, Japan International Cooperation Agency, BNP Paribas

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The latest developments in the ESG space.


Citi and the Japan International Cooperation
Agency


Citi and the
Japan International Cooperation Agency have announced a
co-financing loan to IndusInd Bank, an Indian private commercial
bank. 


This includes a $30 million loan by Citi and JPY13 billion ($0.09
billion) loan by JICA. This high impact social finance offering
that Citi arranged for IndusInd Bank is expected to improve
financial access for farmers and boost capital investment in
the agricultural sector in India, the firm said in a statement
yesterday.


IndusInd Bank, a private financial institution, is present in key
agro centres across rural and semi urban locations of India. This
project will support the efforts of IndusInd Bank to strengthen
its lending to the agricultural sector by leveraging its presence
in rural areas, the firm said. In this new collaborative
agreement, Citi acted as the co-financing lender, arranger,
coordinator, and facility agent.


“This social financing to IndusInd Bank will be used by farmers
to purchase farm equipment, crops, seeds, and fertilizers, as
well as by small agricultural supply chain service providers.
This transaction, in which Citi collaborates with JICA, marks our
first structured co-financing arrangement to support India’s
agricultural sector,” K Balasubramanian, head of corporate bank
for Citi in South Asia covering India, Bangladesh, and Sri Lanka,
said.


The agreement highlights Citi and JICA’s support for
strengthening food security in the country through funding the
agricultural sector and sustainable food systems.


The agricultural sector is an important part of the Indian
economy, accounting for approximately 17 per cent of GDP and 45
per cent of employment. As the need to raise agricultural
productivity to improve farmers’ incomes increases, there is also
an urgent need to improve access to finance to stimulate capital
investments in the agricultural sector, the firm continued.


Citi has been engaged in JICA”s overseas investment and loan
projects since 2018. Earlier this year, Citi concluded a loan
agreement worth $100 million with JICA and BRAC Bank of
Bangladesh. Citi said it also supported a project for affordable
housing finance for low-middle households in Indonesia and a
microfinance project for women entrepreneurs in Mexico.


BNP Paribas

BNP
Paribas Securities Services business has bolstered its
digital offering to alternative fund managers and their investors
with the release of two enhanced solutions, CapLink Investor and
CapLink Private. 


The platform gives clients secure access to digitalised
reporting, ESG insights and data analytics capabilities in a bid
to enhance transparency and support investment-making decisions,
the firm said in a statement.


CapLink Investor is a platform for fund managers, investors, and
authorised contacts, offering information and insights across
their fund holdings. With a user-friendly interface available in
English and simplified Chinese, CapLink Investor is suited for
hedge fund and liquid alternative managers, single hedge funds,
fund of hedge funds and their investors, the firm continued.


CapLink Private offers digital reporting through data
visualisation, end-to-end workflow management, and risk and
performance analytics capabilities for non-listed investments,
the firm said. It is designed to enable private management
companies, diversified asset managers and asset owners who manage
private capital investment programmes to have an up-to-date view
on their investments such as private equity, private debt and
infrastructure in direct funds or fund of funds structuration.


Clients are able to monitor real-time data to unlock the full
potential of their funds and portfolios, with advanced analytics
providing transparency on investments and their performance.
CapLink Investor and CapLink Private are available on Securities
Services’ client portal NeoLink.


To meet clients’ needs, Securities Services co-created the
offering from inception, leveraging the design thinking and lean
startup methodologies of the bank’s Digital Innovation Lab and
its partnership with AssetMetrix – a leading fintech specialising
in non-listed investments.


Patrick Hayes, global head of alternative investors, Securities
Services, BNP Paribas, said: “As markets evolve, we’re delighted
to be rolling out our next-generation platform CapLink to
alternative clients and their end investors.” 

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