July 2

International Finance Corporation Providing USD $150 Million for Vietnam’s First Blue Bond

By Toan Dao

The International Finance Corporation (IFC) announced it will provide a financing package of USD 150 million (EUR 140.3 million) to Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank).

The package, designed to stimulate a viable blue finance market, promote green bonds, and support smaller businesses in Vietnam, serves as the country’s first blue bond and green bond issued by a private commercial bank. It includes a USD 25 million (EUR 23.4 million) subscription in blue bonds, enabling SeABank to expand its funding for sustainable economic activities related to aquaculture, fisheries, and water supply.

Photo courtesy of Quangpraha.

Source: SeafoodSource (link opens in a new window)

blue economy, climate finance, impact bonds, impact investing, MSMEs