DCM OCBC NISP 2

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The proposed project entails an investment in a medium-term debt instrument, which is under a private placement arrangement between PT Bank OCBC NISP Tbk (“OCBC NISP” or the “Bank”) and IFC, mainly to finance green projects and women-owned small and medium enterprises (“WSMEs”). The instrument is expected to comprise of two tranches, corresponding to the distinct use of the proceed. The Project will be an expansion of IFC’s engagement with the Bank in 2018 where IFC supported the funding for green financing portfolio, of which the Bank is the first commercial bank to receive such funding. OCBC NISP is listed in Indonesia Stock Exchange. The Bank was established in 1941, the fourth oldest bank in Indonesia. The Bank is 85% owned by the OCBC Overseas Investment Pte. Ltd, a 100% subsidiary owned by the Oversea-Chinese Banking Corporation Limited (“OCBC Bank”), listed in Main Board of the Singapore Exchange. The proceeds of the proposed investment will be mainly used to support the Bank’s lending program to climate-friendly projects which includes, energy efficiency projects and green building and to support the Bank’s increasing focus in serving woman entrepreneurs and customers.