British International Investment (BII), the UK's development finance institution, has backed HDBank's inaugural international green bond programme. HDBank, a Vietnam-based development commercial bank, issued the $100 million programme for sustainable projects in Vietnam. The first tranche received $50 million from IFC, which structured the issuance process. BII committed $20 million to the second $50 million tranche alongside FMO's $30 million investment. Funds raised through these green bonds will be focused on solar deployments, electric vehicles, green buildings, and energy-saving solutions across Vietnam. These efforts are anticipated to reduce around 102,000 tons of CO2 over a decade period. Recently, BII has committed $60 million to Pentagreen Capital’s Green Investment Partnership to accelerate green infrastructure across Asia.

Capital composition of HDBank’s green bond issuance and participating investors.