CMS advises on the launch of Imagine Impact Bonds

CMS has advised on the launch of Imagine Impact Bonds, a joint initiative between Innpact S.A., the leading impact finance advisor, and Opportunity Financial Services S.A. (formerly Finimmo Financial Services), leader in administration of securitisation platforms, to provide an easy access for impact projects to capital markets.

Imagine Impact Bonds ('Imagine') is set up as a Luxembourg securitisation vehicle and will enable impact project developers, investment advisors and fund managers to attract new types of private investors through an easy and effective issuance of high impact-quality bonds.

Imagine provides the impact investing sector with a new tool to connect impact projects and impact investors through a streamlined issuance process while allowing for a tailored approach to cater for the specific needs of each impact project. 

Targeting bond projects from as low as €5m and up to €50m, Imagine offers a turnkey solution for syndication,  warehousing, managed accounts, co-investments and blended finance approaches. Focusing only on high impact projects, Imagine promotes the use of the highest impact principles, such as the Operating Principles for Impact Management and the Green Bond Principles (GBP), the Social Bond Principles (SBP) and the Sustainability Bond Guidelines (SBG) as set out by the International Capital Market association (ICMA). 

Imagine aims to be the go-to platform for the financing of impact projects in all regions, size or SDG contribution. The platform will soon partner with leading institutions to design ad hoc issuance programmes to promote specific social or environmental targets such as sustainable land use, health, education, gender smart investing or high impact carbon projects.

CMS’s advisory services on this project were provided by Partner Aurélien Hollard, Securitisation & Capital market expert José Ocaña as well as ESG expert Julie Pelcé.

About Imagine

Imagine Impact Bonds is an independent white-label issuance platform for impact project bonds, notes and certificates. Imagine is a collaboration between Innpact, a leading impact finance advisory and management company, and Opportunity, an experienced manager of securitisation vehicles. The platform is setup as a Securitisation Vehicle under Luxembourg Law with a segregated compartment for each impact project bond issuance. This allows for high efficiency and tailoring at the same time. Each security is issued under a solid use of proceeds impact framework aligned with the highest standards such as the Green, and Social Bond Principles and the Sustainability Guidelines of the International Capital Market Association (ICMA).

About Innpact

Innpact S.A. is a leading impact finance specialist providing advisory and third-party fund management services. With 50 impact experts based in Luxembourg and Mauritius, the group has unrivaled expertise in designing and managing impact funds and blended finance vehicles with over 30 impact funds created over the past 15 years. Innpact S.A. actively supports 20 existing impact funds with fund management and impact measurement and management services. The group works with fund managers, sponsors, and investors around the world on impact investing projects targeting the Sustainable Development Goals totaling more than $8 bn.

About Opportunity

Opportunity Financial Services S.A. is an independent company providing corporate and fund administration services to regulated and non-regulated entities registered in Luxembourg. With 20 years of experience, Opportunity Financial Services S.A. is an innovative leader in integrated solutions for institutional, corporate, start-ups and private clients, serving over 400 structures in a wide variety of business sectors: real estate, private equity, ESG/Impact alternative investment structures, tokenisation, securitisation vehicles, investment firms and management companies.