ESM publishes social bond framework

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By Burhan Khadbai
25 Jun 2020

The European Stability Mechanism is ready to issue social bonds to fund its pandemic crisis support to euro area member states, following the publication of its framework on Thursday. The supranational borrower and its sister issuer, the European Financial Stability Facility, have also set out their funding windows for the third quarter.

“For several years, the ESM has embraced socially responsible values as an institution,” said Kalin Anev Janse, ESM’s chief financial officer, in a statement. “It signed the United Nations-backed Principles for Responsible Investment for its paid-in capital in February.

“Now the ESM adds to its ESG commitment with the ...

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