MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
Copyright MuniFin
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Appendix 13
Management of proceeds
An amount equal to the net proceeds of the social bonds will be earmarked and used to finance
new eligible projects and to refinance existing eligible projects in the social finance portfolio.
Projects are classified as new eligible projects if they have been completed less than 12 months
before the project's approval date in the Social Evaluation Team. The ambition is to use the
majority of the social bond net proceeds to finance new eligible projects. The share of
refinancing will be shared in the annual impact report.
€
Until disbursement to eligible projects, the earmarked proceeds will be placed in liquidity
reserves and managed according to the responsibility policy of MuniFin.View entire presentation