Iceland’s Debut Gender Bond Sets Template for Other Governments
- Great interest from investors in gender bonds: BNP Paribas
- Others can follow Iceland’s lead, finance minister says
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A niche bond sale in Iceland may provide a template for other governments looking to promote their commitment to gender equality.
The island nation this week sold a €50 million ($53 million) gender bond, a kind of debt that funds projects to promote women’s empowerment. The sale was the first for a sovereign nation, with the innovation adding to a smorgasbord of ethical debt labels to appeal to investors with sustainable mandates.