Deep and energising collaboration
The deal has been warmly welcomed by senior executives at Standard Chartered and raised hope for future transactions of this type.
Marisa Drew, Standard Chartered CSO, said: “This announcement is the result of months of deep and energising collaboration between the Government of The Bahamas, Inter-American Development Bank, The Nature Conservancy, Builders Vision, AXA XL and several other partners, to jointly unlock US$124 million in funding over the next 15 years for marine conservation in The Bahamas.”
Marisa added: “This transaction is innovative for many reasons, not least because this is the first time a family office, Builders Vision, has played a significant role in a sovereign debt conversion…
