City Savings Bank in the Philippines Issues First Social Bond with Investment from IFC
To expand financial inclusion and support
human capital development in the Philippines, the International Finance
Corporation (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 in the country. The social bond
follows ICMA’s Social Bond Principles and the ASEAN Social Bond Standard.
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