Gauging investor interest
Figure 1: Green, social and sustainability bond issuance (as at 2 April 2020)
2020 YTD issuance
These issues fall within the ICMA Green and Social Bond Principles and target healthcare, access to finance for small businesses, employment and longer-term green infrastructure projects among other specific use-of-proceeds (Figure 2).
Figure 2: Covid-19 specific use-of-proceeds issuance as at 2 April 2020
Type of bond
Use of proceeds
African Development Bank
Proceeds will be allocated in line with the AFDB’s Social Bond program, to provide support and financing to countries and businesses fightingCovid-19.
Inter-American Development Bank
The IADB is offering up to $2 billion in resources for countries requesting support for disease monitoring, testing and public health services, as part of its coordinated efforts to fight the Covid-19 outbreak.
The World Bank Group, of which IFC is a constituent, will help developing countries strengthen health systems, including better access to services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies.
Nordic Investment Bank
Covid-19 response bond
Loans will support the provision of products and services contributing to health conditions and maintaining living standard for groups challenged by Covid-19. More specifically, they will target the financing of impacted small and medium-sized enterprises and the financing of large companies in the medical equipment and healthcare sector facing increased demand for equipment or services.
Council of Europe Development Bank
Support for health infrastructure to cover the acquisition, under emergency procedures, of medical equipment and consumable material; the rehabilitation and transformation of spaces, medical units; and the mobilisation of additional expertise. Also, support for SMEs and municipal companies with a focus on the preservation of jobs and on enabling ongoing municipal investments.
European Investment Bank
Lending to health projects substantially contributing to universal access to affordable health services (SDG 3). SAB-eligibilities are being extended to additional areas of the EIB’s financing directly related to the fight against Covid-19, in line with a national/international health emergency response or preparedness plan. These include support to national health authorities, hospitals, laboratory facilities and networks.
Figure 3: Allocation of green, sustainability issuance in 2019 and year-to-date 2020