Ico readies Covid-19 social bond

Instituto de Crédito Oficial (Ico) is holding a series of investor calls to introduce its updated social bond framework ahead of a transaction which will be specifically used to target the effects of the coronavirus pandemic.

HSBC and Société Générale have been mandated to organise the calls, which began on Tuesday.

A euro Covid-19 social bond with a maturity of three to five years may follow, subject to market conditions.

Speaking to GlobalCapital last week, Antonio Cordero, ICO’s head of funding

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