PROJECT

Projects

Summary of Investment Information

Project Number

41290

Company Name

CHINA BANKING CORPORATION

Date SPI Disclosed

Aug 1, 2019

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Aug 29, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 30, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Aug 29, 2018
Signed : Oct 19, 2018
Invested : Jun 18, 2019

Sector

Commercial Banking - General

Project Description

International Finance Corporation (“IFC”) is considering an investment in a green bond of up to US$150 million to be issued by China Banking Corporation (“China Bank” or the “Bank”). Through the investment, IFC will support China Bank in raising long term funding for its lending program to qualifying green projects in the Philippines (the “Project”).                                                                                                     

Associated Advisory Engagement

                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation