OUR HERITAGE
Bogd Bank- ADB
US$15MM Senior Debt for On-lending to Women-led MSMEs and Green Projects
In June 2024, Delphos secured a US$15MM senior debt package for Bogd Bank from the Asian Development Bank (“ADB”) to support MSMEs in Mongolia. The package includes US$14MM from ADB, with half for women-led MSMEs, and US$1MM from the Canadian Climate Fund for the Private Sector in Asia II (“CFPS II”). This blended financing supports climate initiatives, including energy-efficient equipment and small-scale renewable energy installations, emphasizing green finance and women’s empowerment.
Sector
Funds and Financial Services
Amount Raised
US$15,000,000
Deal Type
Capital Raising
Unique Challenge
Delphos advised on structuring and arranging the senior debt facility, supporting engagement with development finance institutions and aligning the transaction with financial inclusion, gender equality, and climate finance objectives.
Sub-sector
Credit
Year
2024
Type of Financing
Debt
Deal Impact in Numbers
- Increased MSME lending capacity across women-led and climate-focused segments
- ~70% of loans to women-owned businesses
- ~30% of loans to green and climate projects
Lender
ADB - Asian Development Bank
SDGs
Borrower
Bogd Bank JSC
Deal Impact in Lives
- MSMEs and entrepreneurs
- Women-owned businesses
- Businesses investing in climate and green projects
Location
Mongolia
Interested in working with us?
Delphos arranges capital raising (debt and equity) and transaction advisory for emerging-market project sponsors and operating corporates across Africa, Asia, Latin America and the Caribbean, and Emerging Europe.
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Delphos- Premier Financial Advisor in Private Emerging Markets
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