TO expand financial inclusion and support human capital development in the Philippines, the International Finance Corp. (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.
TO expand financial inclusion and support human capital development in the Philippines, the International Finance Corp. is investing $100 million in a social bond issued by City Savings Bank Inc. , the first thrift bank to issue a social bond. The social bond follows ICMA's Social Bond Principles and the Asean Social Bond Standard.
's investment in CitySavings' social bond is part of a broader approach in the Philippines to work with partners to deepen capital markets for thematic bond issuances such as social, green and blue bonds.
Issues First Social Bond With Investment From IFC
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