Through the partnership with Khan Bank - a SME Finance Forum member, IFC aims to strengthen the capital base of the bank and to promote financing support to micro, small and medium enterprises (MSMEs).
The financing package entails subscription to a five-year US dollar-denominated green bond of up to $30 million, and provision of five-year sub-debt of up to $40 million from IFC’s own account. The green bond will represent the first issued by a private sector company in the country.
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