|Emitents||Attīstības finanšu institūcija Altum, AS (5493007HPQSSX8BJ4315)|
|Veids||2.2. Iekšējā informācija|
As at 30 June 2023 JSC Development Finance Institution Altum (hereinafter – ALTUM) has committed a total of 25.3 million euros funded by the Green Bonds proceeds issued in autumn 2017. Since part of the financed projects are already fully repaid, then committed Facility amount for 44 projects in current Green Bonds portfolio is of 21.7 million euros. On total project basis the contribution to sustainability by reduction in GHG emissions of 13 769 tonnes CO2e p.a. is estimated. This corresponds to 635 tonnes per 1 million euro committed, with growth of 48% YoY (30/06/2022: reduction in GHG emissions of 430 tonnes CO2e p.a. per 1 million euro committed).
In October 2017, ALTUM became the first development bank in Eastern Europe to issue the Green Bonds. The proceeds from the issuance of Green Bonds are invested in accordance with ALTUM Green Bond Framework updated in 2021 according to the 2021 edition of Green & Social Bond Principles published by International Capital Market Association (ICMA). Medium Green shading from CICERO upon ALTUM Green Bond Framework was received in 2019 as well as in 2021.
JSC Development Finance Institution Altum is a Latvian state-owned company providing enterprises and households access to financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 16 December 2022 Moody’s Investors Service (Moody’s) affirmed the Company’s Baa1 long-term issuer rating, with outlook stable, same as affirmed on 25 March 2019. The baseline credit assessment (BCA) is also affirmed at Baa3, together with the short-term issuer rating at P-2. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.