IFC mulls $15m convertible debt investment in Cambodian insurer Forte

IFC mulls $15m convertible debt investment in Cambodian insurer Forte

Phnom Penh, Cambodia. Photo by Mark on Unsplash

The International Finance Corporation (IFC), a part of the World Bank Group, is likely to extend a convertible senior debt investment of up to $15 million to Singapore-headquartered FIG3 Investment Holding Ptd Ltd (Forte), which operates in the insurance sector through its subsidiaries in Cambodia and Laos.