Sustainability Bonds

Sustainability Bonds are fixed-income financial instruments (bonds) where the proceeds will be exclusively used to finance or re-finance a combination of Green and Social Projects and which are aligned with the four core components of the International Capital Market Association (ICMA) Green Bonds Principles and Social Bonds principles.

The main difference among green, social and sustainability bonds, lies in their sustainable categories for the allocation of proceeds, sustainability bonds needing to combine both social and green categories.

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