Vietnam’s SeABank Plans to Issue Nation’s First Blue Bond
- Total IFC financing package is set to be $150 million
- Proceeds to be used for sustainable aquaculture, fisheries
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Vietnamese lender Southeast Asia Commercial Joint Stock Bank plans to issue the country’s first blue bond as part of a $150 million financing package from the International Finance Corporation.
IFC will subscribe the $25 million dollar-denominated five-year blue bond issued by the bank, as well as $50 million in five-year dollar-denominated green notes, according to a joint statement between IFC and the lender, known as SeABank.