IFC Invests US$500 Mln into BTPN Green Bond and Social Bond

By Editorial Team 26/06/2023
money injection
Summary

The International Finance Corporation (IFC), a subsidiary of the World Bank, has committed to investing up to US$500 million in PT Bank BTPN Tbk (BTPN) through the issuance of social bonds and green bonds.

"IFC's proposed investment in Bank BTPN's social and green bonds exemplifies our dedication to supporting the attainment of sustainable development goals through environmentally and socially responsible lending. This [investment] will allow us to make a significant impact on the lives of millions of people," BTPN President Director Henoch Munandar said.

As a member of the SMBC Group, Bank BTPN will utilize the funds to bolster the SMBC Group's transition plan, promoting sustainable finance and aligning its lending and investments with the objective of achieving net-zero emissions by 2050.

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