Pubali Bank PLC has approved a plan to raise $100 million through a five-year Green Bond as part of the bank’s sustainable finance initiatives.
According to a price sensitive information disclosure issued on Wednesday (11 March), the decision was taken at the bank’s board meeting held on Wednesday at its Gulshan corporate branch.
The bank said in its statement, the fund will be raised through the issuance of a Green Bond with a tenure of five years to support projects aligned with sustainable and environmentally responsible financing.
The bank said the initiative will follow Green Bond Principles of the International Capital Market Association (ICMA), along with guidelines of the International Finance Corporation (IFC) and Bangladesh’s Sustainable Finance Policy framework.
The proposed bond issuance will be subject to approvals from relevant regulatory authorities and compliance with applicable regulations.
https://www.tbsnews.net/economy/banking/pubali-bank-decides-raise-100m-green-bond-1384446