News
CEB issues USD 500 million Social Inclusion Bond
03 June 2021
Paris – The Council of Europe Development Bank (CEB) concluded today a USD 500 million 3-year global Social Inclusion Bond. The CEB made use of its Social Inclusion Bond framework for the second time since April in order to support social investments across Europe.
In line with the Social Inclusion Bond Framework, the proceeds of the bond will finance projects with a high social added value in one or several of the following categories: social housing, education, job creation and preservation in micro, small and medium-sized enterprises, and healthcare.
The issuance attracted a wide range of socially responsible investors, with a particularly strong interest from Official Institutions who took up almost two-thirds of the total allocation.
As with previous issuances under the Social Inclusion Bond framework, the Bank will publish in a year’s time an impact report on the proceeds of the bond.
CEB Governor Rolf Wenzel
said: “Building on the momentum of recent years, we are pleased to be
continuing our very successful programme with this new Social Inclusion Bond.
Supporting sectors such as health and employment is even more important now,
against the backdrop of the pandemic and ongoing efforts to bolster recovery
from the crisis. As always, we will be providing full, transparent information
on the use of the proceeds.”
For full technical details of the transaction please click here.
Set up in 1956, the CEB (Council of Europe Development Bank) has 42 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (AA+ with Fitch Ratings, outlook positive, AAA with Standard & Poor's, outlook stable and Aa1 with Moody's, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.