International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Rupiah Komodo green bond, attracting strong investor demand and raising Rp2 trillion to combat climate change.
This is the first such green Komodo offshore Rupiah-denominated issuance by a multilateral development bank for investment into climate projects in Indonesia. The strong interest from a diverse group of international investors is testament to the growing appetite for socially responsible investment in Indonesia.
The five-year green bond, which will be listed on both the London Stock Exchange and the Singapore Stock Exchange, will support the local-currency market in Indonesia, funding the first-ever green bond issued in Indonesia by an IFC client, Bank OCBC NISP (NISP). The proceeds will finance underlying infrastructure and climate-related projects, in accordance with Green Bond Principles.