MetLife Bangladesh has invested BDT 50 crore in the country’s first-ever social bond, issued by BRAC Bank, marking a significant milestone in sustainable financing in Bangladesh.
The proceeds from this pioneering social bond will be directed toward impactful sectors, including women-led MSMEs, affordable housing, healthcare, agriculture, and climate risk mitigation and resilience projects, all aimed at fostering inclusive economic growth and social development.
BRAC Bank, leading private commercial bank in Bangladesh, holds the distinction of being the highest-rated bank by renowned local and international credit rating agencies. It has also earned the top position among Bangladeshi companies in the prestigious Bloomberg ESG rating, underscoring its commitment to environmental, social, and governance excellence.
MetLife Bangladesh, the country’s leading life insurer with around 1 million individual customers and over 900 corporate clients, continues to strengthen its investment portfolio.
In addition to being one of the largest investors in government bonds, MetLife is diversifying into secured corporate bonds to provide sustainable financing to local corporates while delivering better returns on customers’ insurance policies. With this latest investment, MetLife Bangladesh’s total investment now stands at approximately BDT 19,000 crore (to be updated).
Commenting on the investment, MetLife Bangladesh CEO, Ala Ahmad, said, “This investment reflects our commitment to supporting sustainable development in Bangladesh. By partnering with BRAC Bank on this landmark social bond, we aim to empower communities, promote financial inclusion, and contribute to a resilient future.”
This collaboration between MetLife and BRAC Bank sets a new benchmark for responsible investment in Bangladesh, reinforcing both organizations’ dedication to driving positive social impact through innovative financial solutions.
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