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Palawan is a poor region of Western Philippines. Lionheart Farms is developing a business to increase the production of high-quality products from coconut farms and make sustainable products to be exported to developed markets. Through the reforestation of the land and new jobs provided to the local communities, the business is responding to the climate crisis by solving social issues, providing employment and education in the process.
By planting additional coconut trees, the business will increase the carbon capture and the biomass on ancestral land, while providing for local communities. As of April 2021, Lionheart has planted over 500,000 trees, with over 600 workers and has sharply reduced the rates of poverty incidence in the community from 65% in 2015 to 20% in 2020. Please refer to our attached deck for more on our work: Roadshow Presentation 2021
Financial Management and/or Accounting, Impact Measurement, Legal Support
Lionheart has a green bond issue structured by Earthwake Green Impact Fund, for an principal amount of USD $10,000,000. The bond will have a 5-year maturity, offer a coupon of 6.5% in USD and be a bullet repayment. It will be secured by a corporate guarantee from the company's parent in Hong Kong and a first security on the income generated from 500,000 newly-planted coconut trees on 3,500ha of land in Rizal, Palawan. The proceeds will be used to provide working capital for the business, and channeled directly into our reforestation efforts. For additional details, please refer to the documents below: