AIIB invests US$75 million in green and blue bonds of SeABank

"Viet Nam's Nationally Determined Contribution lays emphasis on the importance of resource mobilization from financial and international credit institutions to support climate mitigation and adaptation ambitions. AIIB is very pleased to work together with SeABank and IFC in this innovative transaction, which will supplement the on-going measures to reduce greenhouse gas emissions and contribute to the thematic capital market development," said Gregory Liu, AIIB Director General of Financial Institutions and Funds, Global. "We look forward to seeing more issuances from other Vietnamese financial institutions in future."

Viet Nam's, 01/07/2024 (informazione.it - comunicati stampa - servizi)

," said Gregory Liu , AIIB Director General of Financial Institutions and Funds, Global. 

said Le Thu Thuy , Vice Chairwoman of the BOD, SeABank.

The investment was mobilized by the co-investor introduction of IFC – SeABank's strategic partner in terms of sustainable projects, in partnership with the Australian government. Previously at the end of June, IFC provided a US$150 million financing package which includes investments in SeABank's blue and green bonds. 

Sharing the same goal of promoting Vietnam's sustainable economy, together AIIB and IFC are investing US$150 million in SeABank's blue and green bonds. Further, IFC will advise SeABank on the bond issuance, application of related frameworks, and pipeline development.

With its sustainable development goal, in recent years, SeABank has continuously prioritized application of E&S risk management, implementation of financial inclusion and green finance projects. As a result, the Bank has been entrusted with and has received continuous investments from various international financial institutions such as DFC, IFC and ADB with a total capital of approximately US$850 million .

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