IFC, LeapFrog Investments and DEG invest in Vietnam’s HDBank
IFC, LeapFrog Investments, and DEG – Deutsche Investitions- und Entwicklungsgesellschaft – have invested USD165 million in convertible Tier 2 bonds issued by Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a Vietnamese private retail and SME bank. While strengthening the bank’s capital base, the funding will help increase lending
