IFC invests $150m in Indonesian Green Bond

The International Finance Corporation has committed $150 million in a green bond issued by Indonesia's PT Bank OCBC NISP. It represents the first ever green bond issued by a commercial bank in Indonesia, delivering a new source of green financing to combat climate change. The bond has a five-year tenor and will see Bank OCBC NISP fund climate smart projects, contributing to the government's target of 29% reduction in greenhouse gas emissions by 2030.