ICO lining up Covid-19 response bond, funding volume unchanged

By Lewis McLellan

29 Apr 2020

The Instituto de Crédito Oficial expects to come to market for a social bond aimed at mitigating the impact of Covid-19 on the Spanish economy in the next few weeks, if a suitable window presents itself.

The promotional bank had intended to issue a €500m green bond before coming
to market and then a €500m social bond later in the year but, because of the coronavirus
outbreak and the urgency of mobilising funding to the affected areas of the
Spanish economy, the agency has switched the

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