Bayport Management Limited

Two persons buying fruit from a small shop in Guatemala

In brief

Bayport is issuing a Subordinated Social Bond to finance its activities in operative finance companies in Sub-Saharan Africa and Latin America. The funds will be utilised per the Social Finance Framework established by Bayport and second opinioned by the Standard & Poor's rating agency.

Main development impact

Bayport provides inclusive finance to low- and middle-income populations in the least developed, low-middle-income, and upper-middle-income countries. The financing is mainly used for educational, healthcare, micro-entrepreneurial, and housing purposes to improve livelihoods and living. Bayport is actively developing employment opportunities for female staff and executives and is possibly eligible for 2X initiative gender equality criteria.

Investment details

Name: Bayport Management Limited
Project number: 80000396
Region: Africa, Latin America and the Caribbean
Country: Africa, Latin America
Sector: Financial institution
Signing date (month/year): June 2022
Currency: USD
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: USD 50,000,000
Share of Finnfund's financing (%): 20 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

June

Key facts

Name:

Bayport Management Limited

Sector:

Financial institution

Region:

Africa, Latin America and the Caribbean

Country:

Africa, Latin America

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

June 2022

Last update:

September 2022