London Stock Exchange welcomes IFC to celebrate inaugural Hong Kong dollar-denominated public bond
Today, the London Stock Exchange welcomes the International Finance Corporation to celebrate its first benchmark public bond denominated in Hong Kong dollars, listed on the exchange. The HK$5 billion issuance marks the first social bond in the currency issued in a public format by a supranational.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets.
“The LSE has been an important partner for IFC, helping us raise capital to support the growth of the private sector in developing countries and expand our efforts to provide sustainable financing to our clients.”
“With 149 bonds currently listed on the exchange, IFC has listed many landmark transactions including the first Uzbek som, Bangladeshi taka, and Indian rupee bonds issued in international markets, as well as numerous sustainable bonds such as the first green bond issued in the offshore rupee markets and more recently, the largest US dollar denominated social bond issued by a supranational.”
John Gandolfo
VP and Treasurer, Treasury & Mobilisation, IFC
The Bank of China (Hong Kong) Limited, HSBC and Standard Chartered were the joint lead managers for the transaction.
Proceeds from IFC’s social bonds fund a diverse range of social projects in emerging markets and developing economies.
