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DCM Khan Bank Social Bond

Sector: Commercial • Location: Mongolia

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment entails IFC’s investment in a 3-year Social Bond to be privately issued by Khan Bank JSC (“Khan Bank” or the “Bank”) of up to US$100 million (the “Bond”). The proceeds of the Bond will be used to expand Khan Bank’s social financing portfolio by financing eligible social projects as defined by the Social Bond Framework (“SBF”), which will adhere to the International Capital

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Project Information

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The project “DCM Khan Bank Social Bond” is an infrastructure initiative in the Commercial sector, located in Mongolia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

The proposed investment entails IFC’s investment in a 3-year Social Bond to be privately issued by Khan Bank JSC (“Khan Bank” or the “Bank”) of up to US$100 million (the “Bond”). The proceeds of the Bond will be used to expand Khan Bank’s social financing portfolio by financing eligible social projects as defined by the Social Bond Framework (“SBF”), which will adhere to the International Capital Market Association’s (“ICMA”) Social Bond Principles and verified by Second Party Opinion (“the Project”). The Bond will be the first social bond in Mongolia. The Project is the continuation of IFC’s efforts to promote financial inclusion and thematic financing in Mongolia.       

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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