July 10, 2024

CGIF Supports Indonesia’s First IDR Sustainability-linked Bond Issued by SPINDO

Manila, 10 July 2024 – The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its first Sustainability-Linked Bond (“SLB”) guarantee in Indonesia for PT Steel Pipe Industry of Indonesia (“SPINDO”) amounting to IDR1.0 trillion issued on 9 July 2024. Listed in Indonesia Stock Exchange (IDX) today, the transaction marks a remarkable landmark for sustainable financing in Indonesia.

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