Motability gets social bonds humming

By Jon Hay
13 Jan 2021

Motability Operations, the UK non-profit company that leases cars and other vehicles to disabled people, won strong demand for its inaugural social bond on Wednesday, lending weight to the argument that the product will become a more prominent part of the capital markets this year.

"Among the more interesting developments we will see this year is the coming of age of social bonds," said Maarten Biermans, head of sustainable capital markets at Rabobank in Utrecht. "The market is now big enough for the larger investors to focus on this."

The arrival of more dedicated ...

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