Illustrative photo (Source: VNA) Tokyo (VNA) – Japanese-based Dai-ichi Life Insurance company has channeled 5.4 billion JPY (50 million USD) into infrastructure development projects in the Mekong region, including Vietnam, Cambodia, and Myanmar.
The investment has been done via its purchase of socially responsible Mekong region development bonds issued by the Export-Import Bank of India (Exim Bank) on October 17. The 3-year bonds have a fixed coupon of 2.385 percent per annum.
Funds raised through the bonds will be allocated for the building of a hydropower plant in Vietnam, a power transmission system in Cambodia, and railway infrastructure in Myanmar, among other projects.
Dai-ichi Life said the investment brings back profits to the company and supports emerging markets.
The firm is operating in the insurance sector in Vietnam, Thailand and Cambodia while expanding its activities as a capital funding organization for the region./.
VNA
