TO expand financial inclusion and support human capital development in the Philippines, the International Finance Corp. is investing $100 million in a social bond issued by City Savings Bank Inc. , the first thrift bank to issue a social bond. The social bond follows ICMA's Social Bond Principles and the Asean Social Bond Standard.
's investment in CitySavings' social bond is part of a broader approach in the Philippines to work with partners to deepen capital markets for thematic bond issuances such as social, green and blue bonds.
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