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June 23, 2024

Landbank and BDO unit collaborate to arrange P5B ‘gender bonds’ for ASA Philippines Foundation

Landbank of the Philippines (Landbank) and BDO Capital & Investment Corp. have collaborated to arrange the first-ever “gender bonds” in the country, with a value of P5 billion, for ASA Philippines Foundation Inc.

The issuance aim to support women as principal borrowers and promote gender equality.

The proceeds from the bond issuance will be used for ASA’s working capital and lending business.

The initiative has been certified by DNV and supported by the Asian Development Bank to ensure its alignment with social and sustainable goals.