By Malika TAKHTAYEVA, Sustainable Fixed Income Lead, BNP Paribas Asset Management
Social bonds have been the fastest growing segment of the market for thematic bonds. Numerous factors are driving their popularity, including their use to address gender inequality and to support pandemic relief.
Social bonds raised USD 147.7 billion in 2020 – more than seven times the roughly USD 20 billion in 2019, Bloomberg data shows. This massive increase underscores their appeal as a potentially significant force for effecting social changes such as making more affordable housing available, improving access to essential services and creating jobs.
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