Ico readies social bond return

By Burhan Khadbai
22 Oct 2019

Instituto de Crédito Oficial (Ico) held investor calls on Tuesday ahead of its return to the social bond market to complete its funding needs for the year.

Ico has mandated HSBC, JP Morgan, Santander and UniCreditto lead a €500m no-grow three year bond. The deal will be the issuer's first social bond since November 2018.

As of September 30, the Spanish agency had raised €4.4bn from its €5bn funding target for ...

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