Cades lines up first dollar social bond

By Frank Jackman
14 Sep 2020

French agency Cades will debut its social bond framework in dollars on Tuesday, less than a week after it raised the largest ever bond in the format with its inaugural issue in euros. It will share the market with the International Development Association (IDA), which is preparing to kick off its 2020/21 funding year with a sustainable development benchmark of its own.

“Cades hasn’t been present in dollars for some time, so I suspect the deal will go very well,” said a banker away from the trades. “IDA again is not an incredibly frequent name.”

The French agency last accessed the dollar market in May, while IDA was ...

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