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IFC to Issue Green Bonds Worth $90 Million in Philippines

The bonds, denominated in Philippine pesos, have a maturity period of 15 years

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International Financial Corporation (IFC), a member of the World Bank group, has issued its first internationally rated triple-A peso-denominated green bond which is equivalent to $90 million. The bond, called Mabuhay Bond, will support local capital market and renewable energy with maturity period of 15 years.

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