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ESG & sustainabilityJune 25

Iceland issues world-first sovereign gender bond

Proceeds from the bond will aid women on low incomes and reduce unpaid work
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Iceland issues world-first sovereign gender bondImage: Harald Nachtmann/Getty Images

Iceland has become the first state to issue a gender bond, leveraging its status as the world’s most gender-equal society. 

The €50mn inaugural gender bond, announced on Monday and arranged by BNP Paribas, had a 3.4 per cent fixed-rate coupon and a three-year maturity.

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