Sovereign social bond: Difference between revisions
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imported>Doug Williamson (Create page. Source: ACT blog https://www.treasurers.org/hub/blog/esg-update) |
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Revision as of 21:31, 19 August 2020
Social bonds.
A social bond issued by a state or similar body.
In 2020 the Republic of Ecuador issued the first ever sovereign social bond of USD400 million partially supported by a credit guarantee from the Inter-American Development Bank.
The proceeds from the issuance were earmarked for housing loans with social and public interest for medium or low-income families.
