Milestone listing underscores a decade of impact-driven growth, transparency and financial innovation
ALTERNATIVE, a Luxembourg-based securitisation fund connecting investors with high-impact opportunities across emerging markets for over a decade, has successfully listed its first bonds issued under its EMTN Programme on the Luxembourg Stock Exchange (LuxSE).
This initial admission to trading of bonds under the EMTN Programme marks ALTERNATIVE’s first listing on LuxSE, reflecting a long-term strategy of Mikro Kapital to combine robust governance, transparency and regulatory best practice with its mission to generate measurable social and economic impact.
Johannes Feist, CEO, says:
“Listing of our bonds on the Luxembourg Stock Exchange is a defining moment for ALTERNATIVE and Mikro Kapital. It reflects our ongoing commitment to provide investors with transparent, regulated access to impactful finance that supports entrepreneurs and small business in emerging markets.”
Since its establishment in 2015, ALTERNATIVE has built a solid reputation for linking global investors with micro, small and medium-sized enterprises (MSMEs) across Europe, Central Asia and emerging markets elsewhere. Over the past decade, the fund has raised more than €550 million in bonds in euros, Swiss francs and US dollars. In addition, ALTERNATIVE issued more than US$10 million in tokenised bonds and its portfolio companies expanded to almost 170 locations in 10 countries.
The listing reinforces Mikro Kapital’s long-standing commitment to transparency, investor protection and the development of sustainable financial instruments. Through its time-tested model and Mikro Kapital’s mission to connect global capital with local entrepreneurial ambition.
Citibank, N.A., London Branch. acts as Paying and Settlement Agent under the EMTN Programme. Linari Law Firm served as legal counsel to the Issuer, providing valuable support throughout the structuring and listing process.
About Mikro Kapital Management S.A., ALTERNATIVE’s management company: Founded in 2008, Mikro Kapital Management S.A. is a Luxembourg-based asset manager specialising in impact finance and microfinance through its securitisation fund, ALTERNATIVE. The fund invests in portfolio companies and microfinance institutions serving MSMEs and entrepreneurs across Europe, Central Asia and emerging markets. Mikro Kapital is a member of the European Microfinance Network, a signatory to the Operating Principles for Impact Management (OPIM) and maintains partnership with institutions such as the EBRD and EIF. For more information, please visit: www.mikrokapital.com. For media inquiries and interview opportunities, please contact [email protected].
Important Notice: The EMTN Programme and notes issued thereunder are available exclusively to professional clients as defined under Directive 2014/65/EU (MiFID II). This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Investors should review the base prospectus and seek independent professional advice before making any investment decisions.
