CEB issues €500 million Social Inclusion Bond

Paris (8 April) – The Council of Europe Development Bank (CEB) issued today a €500 million 7-year Social Inclusion Bond. This new issuance met with strong support from socially responsible investors.

In line with the CEB’s Social Inclusion Bond framework, the proceeds of this new bond will be used for eligible loans in one or several of the following categories:  

o   Social Housing

o   Education

o   Support to MSMEs

o   Healthcare

 Socially responsible investors were well represented in the orderbook, providing further investor diversification to the Bank. Around two- thirds of the issue was allocated to SRI investors.   

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. In March 2021, the CEB published a report on the two COVID-19 Response Social Inclusion Bonds that were issued in 2020.  

CEB Governor Rolf Wenzel said: “We are pleased with the continued success of our CEB Social Inclusion Bond programme, which has been conceived to provide full transparency and confidence as to the use of the proceeds and also to give maximum support to the social policies of CEB members. This is entirely in line with the CEB’s mandate as a development bank with a social focus.”  

For full technical details of the transaction please click here.