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-IFC Invests in China Bank Green Bond: Continues Support to Develop Philippines' Climate Finance Market

Oct 22, 2018 - ENP Newswire
Investments-Partnership Announcement

IFC, a member of the World Bank Group, has committed $ 150 million in a green bond issued by China Banking Corporation ('China Bank'), the first privately-owned commercial bank in the Philippines.

The bond is the second green bond issued by a local commercial bank, opening up more financing for projects that combat climate change.

The bond follows IFC's issuance of the first peso-denominated internationally-rated green bond called Mabuhay Bond in August, and an earlier issuance of a ...