The Brussels impact-investing firm aims to raise up to $30 million for employment assistance and entrepreneurship support to Syrian refugees in Jordan, Turkey, and Lebanon.
Families fleeing the war-torn country account for one in five of the roughly 60 million displaced persons around the world. Backing for the bond comes from Convergence, a blended-finance platform that supported the feasibility study for the bond.
Proceeds will fund up to a half-dozen organizations, and investors will get a return if certain outcomes are hit, such as good-paying jobs for students. Kois previously helped structure a $27.3 million war-zone rehabilitation bond with the Red Cross.
Convergence, which now counts $2 billion in blended-finance deals, recently released a “State of Blended Finance” report that looked at trends across 187 deals.
