(VOVWORLD) - Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has become the first bank in Vietnam to successfully issue 300 million USD in sustainable bonds on the international market.
 VPBank issues Vietnam’s first international sustainable bonds (Illustrative photo: daidoanket.vn) |
This milestone marks an important step in bringing domestic financial institutions closer to the global green capital market.
The issuance, structured as a private placement, has a maturity of five years and comprises 1,500 bonds, each with a face value of 200,000 USD. Proceeds will be allocated by VPBank to renewable energy, sustainable transport, low-emission agriculture, inclusive finance for small and medium-sized enterprises (SMEs) and women-led businesses, as well as initiatives that enhance community well-being
VPBank estimates that the capital raised could help generate around 38,000 jobs over the next five years, contributing to higher incomes and expanded economic opportunities nationwide.
Out of the total 300 million USD, the International Finance Corporation (IFC) invested 200 million USD as the lead investor, while the remaining 100 million USD was contributed by Proparco, a leading French development finance institution. In addition to financing, IFC also provided technical assistance to ensure the transaction meets international standards and maintains a high level of transparency.