Sustainable financing continues to grow across Southeast Asia, with Vietnam’s HDBank concluding a $100-million green bond issuance and Indonesia-based Big Tree Farms raising $10 million from Mirova, an affiliate of French asset manager Natixis Investment Managers.
HDBank raises $100m in inaugural green bond deal
Vietnamese commercial lender HDBank has raised a $100-million green bond round from global institutions including the British International Investment (BII), International Finance Corporation (IFC), and the Dutch Entrepreneurial Development Bank (FMO).
The three-year green bonds will finance climate-responsible projects in Vietnam, including solar energy, electric vehicles, green buildings, and energy-saving solutions, the bank said in a statement.
This is HDBank’s first green bond transaction, which is expected to help reduce approximately 102,000 tonnes of CO₂ over a 10-year period, supporting Vietnam’s Net Zero 2050 commitment.
IFC subscribed to the bank’s first tranche of $50-million issuance last year, while the second tranche includes $30 million issued to FMO and the remaining $20 million to BII.
BII, which has earmarked up to 500 million euros ($583 million) for Southeast Asia’s green transition goals by 2026, said Vietnam will continue to be its priority market.
Mirova invests $10m in Big Tree Farms
Mirova, the sustainable investing arm of Natixis Investment Managers, has invested $10 million in Big Tree Farms, a producer of organic coconut sugar products in Indonesia.
Founded in 2003, US-headquartered Big Tree Farms has built a vertically integrated value chain sourcing from 17,000 smallholder farmers in Java, Indonesia. Mirova’s investment will enable Big Tree Farms to expand its farmer network to 25,000 and double production capacity while embedding regenerative practices into the entire supply chain.
By the end of the investment period, the asset manager said, Big Tree Farms aims to increase sustainably managed land from 1,400 to 6,000 hectares, and grow the share of raw materials certified Fair for Life and USDA Organic.
The investment was made through Mirova’s Sustainable Land Use strategy, which targets to raise 350 million euros ($408 million) for its second fund. By the end of October 2025, Mirova said the fund has raised over 100 million euros.
Mirova and its affiliates had 33 billion euros in assets under management as of September 30, 2025.
