CEB issues $500m social inclusion bond

The Council of Europe Development Bank has concluded a $500 million three-year global Social Inclusion Bond. 

Citi, Deutsche Bank, Nomura, and Societe Generale were joint lead managers on the transaction, which carries a coupon of 0.375% and matures on 10 June, 2024. 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.