Asian Infrastructure Investment Bank (AIIB) has provided an investment of $75 million to the green and blue bonds issued by Southeast Asia Commercial Bank (SeABank).
AIIB’s $75 million investment in SeABank’s green and blue bond project is expected to strengthen the Bank’s capital base to expand financing for sustainable economic activities linked to the sea and water, and grow green assets such as green buildings, renewable energy and energy efficiency.
“AIIB is working with SeABank and IFC in this innovative transaction, which will supplement the on-going measures to reduce greenhouse gas emissions and contribute to the thematic capital market development,” said Gregory Liu, AIIB Director General of Financial Institutions and Funds, Global.
The investment was mobilized by the co-investor introduction of IFC – SeABank’s strategic partner in terms of sustainable projects, in partnership with the Australian government. Previously at the end of June, IFC provided a $150 million financing package which includes investments in SeABank’s blue and green bonds.
AIIB and IFC are investing $150 million in SeABank’s blue and green bonds. IFC will advise SeABank on the bond issuance, application of related frameworks, and pipeline development.