IFC invests $200m in a gender bond to empower women-owned SMEs

The International Finance Corporation (IFC) invested up to $200 million, in privately-placed gender and green bonds issued by Indonesia's OCBC NISP.

The proceeds from the gender bond will enable the bank to increase lending to women entrepreneurs and women-owned small and medium enterprises (WSMEs).

The green bond will support the bank to expand green financing, particularly the development of green projects and financing of green mortgages.