ASA Philippines raises P5B from gender bonds

Jul 05, 2023 12:35 am

ASA Philippines Foundation Inc. (ASA) has successfully raised P5 billion through the issuance of five-year fixed-rate corporate notes classified as a gender bond issue.

In a statement on Tuesday, the microfinance nongovernmental organization (NGO) said that the proceeds of the issuance would be used for working capital to develop its lending business, which solely targets women as main borrowers in a bid to empower them.

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