Tag: Social Bond

Standard Chartered issues first Social Bond

Stuart Mitchell

Standard Chartered, a leading international cross-border bank connecting the world’s most dynamic markets, has today issued its first-ever Social Bond, which will support the sustainable development of low-income countries across the bank’s emerging market footprint. The EUR1 billion 8-year Non-Call 7 year offering will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs. Proceeds will also finance access to essential services including healthcare and education, and will facilitate investment into affordable basic infrastructure and food security,…

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Truist Issues First Social Bond to Advance Environmental, Social and Governance Focus

Stuart Mitchell

Truist Financial Corporation demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion in aggregate principal amount. As part of the company’s multitiered environmental, social and governance (ESG) strategy, the net proceeds from the issuance will support new and existing eligible social programs, including investments in affordable housing and enhancements to essential nonprofit services for communities in need. “We were thrilled by investor reception of our first social bond, particularly in the face of significant market volatility,” said Corporate Treasurer Donna Goodrich. “Our heavily…

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