Supranationals taps niche currencies for Covid-19 response

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By Frank Jackman
08 Apr 2020

Social bonds are proving to be a key part of SSAs fight against the coronavirus, with $10.6bn equivalent printed since the start of the pandemic. Having already tapped core currency markets last month, this week a pair of supranationals turned towards niche currencies to fund their response to the pandemic. With demand for the social format high, both bankers and funding officials are hopeful the new investor interest will stick around after the pandemic passes.

“It is safe to say that social bond issuance with a Covid-19 theme is on everybody’s mind right now,” said Axel Zetterblom, SSA banker at Danske Bank.

“The awareness of thematic bonds, in particular social bonds, has increased on the back of the outbreak,” said Marcin Bill, ...

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