Nishant Malhotra Founder of Middle Road OPC Pvt Ltd & The middle Road platform on the evolving Sustainable Finance sector

Ahoy Ahoy-Ahoy!

The middle Road

Welcome to the Kickass platform enabling social change & impact

African Development Bank issues a record breaking $3 billion “Fight COVID-19” Social Bond

The African Development Bank (AfDB) issued a $3B, 3Y social bond to fight the social and economic downturn related to spread of COVID-19. The Fight COVID-19 Social Bond is the largest US dollar-denominated bond in international capital markets. Although paying only 0.75% was heavily oversubscribed.  Social Bonds enable, develop, and implement new and existing projects with a positive social outcome. Backed by Social Bond Principles to make the process transparent and more accountable, the proceeds target population with disadvantages including disabilities, marginalized communities, under-educated, etc. for specific. This is not the first time AfDB has tapped capital markets and an innovative way to fund projects in the social sector. Going forward, this needs to be replicated by countries and other actors within the development sector, including Supranational Organisations, corporates and governments. Further, its a key feature enabling public-private partnerships and fosters important financial structures, including blended finance. 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join the kick-ass newsletter for a delightful freebie and the latest content from The Middle Road; including exclusive research, posts, tweets, videos, and much more.

Join the kick-ass newsletter for a delightful freebie and the latest content from The Middle Road; including exclusive research, posts, tweets, videos, and much more.

This website uses cookies to ensure you get the best experience on our website.