The Republic of Iceland issued a EUR50 million gender bond, marking a first for the sovereign debt markets. Eligible projects for the financing include the provision of decent living standards for women and gender minorities, increasing the supply of affordable housing that benefits low-income women, as well as efforts to increase maximum payments during parental leave which create incentives for both parents to make use of their equal right to paid parental leave. The bond bears a 3.4% fixed rate coupon and a 3-year maturity, and the transaction was a…
Read MoreThe Republic of Iceland issues first sovereign gender bond
