Responsible Investing

Skandia takes the bulk of SEK social bond issuance benefiting Latin American youth

Skandia has bought most of a new SEK social bond issuance from the Inter-American Development Bank (IDB) to promote sustainable growth, poverty reduction and social equity in Latin America and the Caribbean.
Photo: Fabio Teixeira/AP/Ritzau Scanpix
Photo: Fabio Teixeira/AP/Ritzau Scanpix
by ANNE LOUISE HOUMANN

Skandia is investing SEK 1bn in a five-year social bond issuance in Swedish kronor. The bond is aimed to finance initiatives that provided benefits in the form of strengthened local communities and better conditions for Latin American and Caribbean youth, pensions website IPE.com writes.

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