PROJECT

Projects

Summary of Investment Information

Project Number

47563

Company Name

CHONGHO BRIDGE GROUP LIMITED

Date SPI Disclosed

Dec 26, 2022

Country

China

Region

East Asia and the Pacific

Projected Board Date

Feb 3, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 10, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 16, 2023
Signed : Mar 31, 2023
Invested : Sep 7, 2023

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed project entails IFC investment of up to US$75 million equivalent in local currency in the Social Bond to be issued by Chongho Bridge Management Limited (“Chongho Bridge”, or the “Company”, and formerly known as CD Finance or CFPA MF), a long-standing partner of IFC for more than a decade. The Company engages in microfinance business through its micro credit company subsidiaries and is the largest rural focused microfinance provider in China. IFC will play an anchor investor role in the social bond placement to help catalyze mobilization from other investors.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation