IFC to invest $250M in BPI green bonds

By The Manila Times

Aug 10, 2023 12:27 am

THE International Finance Corp. (IFC), a member of the World Bank Group, is investing $250 million (approximately $14.056 billion) in a green bond to be issued by the Bank of the Philippine Islands (BPI) as part of an effort to grow climate financing in the country.

In a filing with the stock exchange on Wednesday, BPI said it was IFC's biggest deal so far with a local financial institution.

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