Dutch development financier FMO has announced a transaction with Miro Forestry, one of the largest forestry plantations in West-Africa.

The transaction consists of a conversion of FMO’s existing $10 million mezzanine debt into a redeemable preference share funded by the Building Prospects Fund, and a further $5 million share funded by the Dutch Fund for Climate and Development (DFCD), which FMO manages on behalf of the Dutch government. CDC, Finnfund, and Mirova, amongst others, also...