CALAMBA CITY, Laguna, Dec 29, (PIA) State-owned Development Bank of the Philippines (DBP) was cited by a renowned international multi-media firm for its bond issuance last year, which was aimed at raising funds to bankroll projects on the environment and financial inclusion, a top official said.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank’s maiden issuance of ASEAN Sustainability Bonds, amounting to P18.125-billion, won as Best Sustainability Bond – Financial Institution in The Asset Country Awards 2020 presented by Hong Kong-based financial publication The Asset.
“We take pride and honor for this achievement as it recognizes DBP’s role as a catalyst for inclusive development,” Herbosa said. “As a development financing institution, DBP has always been at the forefront of sustainable development and environment protection.”
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