International Finance Corporation Invests $500 Million in Indonesian Bank
By Tom King
The World Bank’s International Finance Corporation (IFC) is investing up to US$500 million in Indonesian lender PT Bank BTPN Tbk (BTPN) through the latter’s social and green bonds.
The issuance of the bonds will be a first for BTPN, a subsidiary of the Sumitomo Mitsui Banking Corporation, highlighting the bank’s support for Indonesia’s micro, small and medium enterprise (MSME) sector, and for women-led businesses in particular.
Photo courtesy of Tim Cronin/CIFOR.
Source: The Asset (link opens in a new window)
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