3,000 billion VND in bonds to create medium and long-term capital for projects aimed at the environment and green economic development.
Bond terms include: 2 years, 3 years and 5 years. According to bank representatives, this issuance complies with the voluntary principles of the International Capital Markets Association (ICMA) and the Credit Markets Association (LMA). This event attracted great attention from professional investors in the market, with the order volume reaching 100%. Capital mobilized from green bonds will be used to lend to projects that meet the standards of HDBank’s “Sustainable Finance Framework”.
Previously, the bank was one of the first banks in Vietnam to announce a “Sustainable Financial Framework” in accordance with ICMA and LMA standards. This financial framework was developed with technical support from the International Finance Corporation (IFC), a member of the World Bank (WB), receiving a “very good” rating from the international rating agency. Moody’s.
Mr. Pham Quoc Thanh, General Director of HDBank, said that the announcement of the Sustainable Finance Framework and issuance of green bonds are proof of HDBank’s commitment to the strategy to reach Net Zero. He emphasized that this promotes green growth while mobilizing medium and long-term capital to support projects that bring environmental benefits, reduce CO2 emissions, and work with the Government towards the goal of carbon neutrality by 2019. 2050.
Customers make transactions at the bank headquarters. Image: HDBank
In addition, the bank builds an environmental and social risk management system to promote green credit and sustainable finance. For many years, the bank has been highly appreciated by international financial organizations such as IFC, ADB, DEG, Proparco for its efforts in climate finance and gender equality.
HDBank established an ESG (Environment, Social and Governance) Committee under the Board of Directors to lead and monitor sustainable development initiatives. The Bank also pioneers in releasing its own Report on Sustainable Development in 2024.
On the stock market, 2024 marks the fifth consecutive year that HDBank is in the Top 20 Vietnam Sustainable Development Index (VNSI) developed and evaluated by the Ho Chi Minh City Stock Exchange (HoSE).