Social bond

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1. Social Bond Principles (SBP).

In the context of its Social Bond Principles, the International Capital Market Association (ICMA) defines a social bond as any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance eligible Social Projects.

Examples of social projects include:

  • Affordable basic infrastructure, for example clean drinking water, sewers, sanitation, transport, energy
  • Access to essential services including health, education and vocational training, healthcare, financing and financial services
  • Affordable housing
  • Employment generation including through the potential effect of SME financing and microfinance
  • Food security
  • Socioeconomic advancement and empowerment


2.

Similar bond instruments, not necessarily fully compliant with the Social Bond Principles.


See also