February 14, 2017

CGIF Backs its First Local Currency Microfinance Bond

The Credit Guarantee & Investment Facility (CGIF) has successfully backed the issuance of a PHP1 billion (US$20 million equivalent) local currency bond issued by non-stock non-profit organization ASA Philippines Foundation, Inc. (ASA) with a 75% partial credit guarantee. This marks CGIF’s first guarantee support for a Local Currency Microfinance Bond in the region.

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