Original disclosure @ IFC website
Updated in EWS Oct 10, 2022
Disclosed by Bank Jul 6, 2022
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According to the bank's website, the project "entails a senior debt facility for up to US$300 million in IDR equivalent, provided directly and indirectly for PT. Bank KB Bukopin (“Bukopin” or the “Bank”), a 67% owned subsidiary of the largest South Korean commercial bank, KB Kookmin Bank Co., Ltd. (“KBB” or the “Sponsor”). (the “Project”)The Project will be structured as a social bond (the “Social Bond”) in line with the International Capital Market Association’s (“ICMA”) Social Bond Principles (“SBP”) and/or the ASEAN Social Bond Standards (“SBS”). The Project will be the first ever Social Bond to be solely dedicated to supporting socially oriented financing in conformity with the eligibility criteria set under SBP, with the objective of supporting post-COVID recovery. By funnelling financial resources through the Social Bond, targeting social segments which have been amongst the worst hit by the pandemic or play an essential role in sustainable recovery, IFC will be contributing to an inclusive and resilient post COVID-19 recovery in Indonesia, which is in line with the “Building Back Better” approach."
PT Bank KB Bukopin Tbk
Head of Treasury Department
+62 21 7988266
Jl. MT. Haryono Kav. 50-51, Jakarta, 12770, Indonesia
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