Bank Rakyat Indonesia leads groundbreaking sustainable finance effort
Bank Rakyat Indonesia has successfully issued the country’s first-ever social bond, raising IDR 5 trillion, or approximately $310 million, to fund inclusive and sustainable development initiatives.
The landmark issuance attracted strong investor interest, marking a major step forward for Indonesia’s environmental, social, and governance financing landscape.
Proceeds will be directed towards supporting small businesses, health, education, and affordable housing projects.