IFC Invests $100 Million in CitySavings’ Social Bond in the Philippines
To expand financial inclusion and support human capital development in the Philippines, the International Finance Corporation (IFC) is investing $100 million in a social bond issued by City Savings Bank, Inc. (CitySavings), the first thrift bank to issue a social bond in the country. The social bond follows ICMA’s (International Capital Market Association) Social Bond Principles and the ASEAN Social Board Bond Standard.
Photo courtesy of WayPH.com.
Source: The Freeman (link opens in a new window)
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