Local lender DBS Bank has returned as official banking partner and sole placement agent for the second round of a debt security listing aimed at supporting women in Asia.
DBS and Singapore-based capital firm Impact Investment Exchange (IIX) will issue a series of bonds with a target of US$100 million under the newly launched Women’s Livelihood Bond scheme, they said in a media statement on Wednesday.
The scheme will fund and support South and South-east Asian enterprises tackling financial inclusion, clean energy access and sustainable agriculture, with the goal of benefiting one million vulnerable women.
Pricing details for the bonds, which will be released in several tranches, are not yet out. The plan is to list the issuances on a stock exchange and sell them to global investors. Read More.