World’s First Social Sustainability Bond Listed on a Stock Exchange
Friday, July 7, 2017
A new bond to debut on the Singapore Exchange, called the Women’s Livelihood Bond, said to be the world’s first social sustainability bond to be listed on a stock exchange.
The US$8 million bond provides loans to social enterprises and microfinance institutions, which, in turn, aim to help more than 385,000 women in Cambodia, the Philippines and Vietnam.
Singapore-based firm Impact Investment Exchange (IIX), which is dedicated to social enterprises and impact investing, worked with DBS Bank on this.