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TOKYO -- The Asian Development Bank plans to issue "gender bonds," possibly by the end of this month. This will be the ADB's first issuance of a bond specifically designed to help increase women's presence in society.
Financial institutions are starting to offer products designed to help end poverty and encourage social participation of women in Asian countries like Bangladesh.
This comes largely in response to growing awareness among institutional investors of a need for a responsible approach to investment, taking into account environmental, social and governance factors.
The money raised will be directed to initiatives to increase women's income and support those who want to start businesses in developing countries.
Japan's Dai-ichi Life Insurance will be the sole investor of the issuance, likely to total around 10 billion yen ($89.8 million). The 10-year bond is expected to have a yield of about 0.9% after adding the currency hedging impact.
Potential buyers will include Nippon Life Insurance and the Japan Bank for International Cooperation, through bonds or funds.
From 2016 through this year, Nippon Life has bought a total 12.5 billion yen of gender bonds such as the Woman Bond issued by Banco del Estado de Chile.
The money raised through these social responsibility funds has been used to provide loans to young women in areas of high unemployment and education programs to promote women's empowerment.
https://asia.nikkei.com/Politics-Economy/Economy/ADB-to-issue-first-gender-bond-at-90m
Financial institutions are starting to offer products designed to help end poverty and encourage social participation of women in Asian countries like Bangladesh.
This comes largely in response to growing awareness among institutional investors of a need for a responsible approach to investment, taking into account environmental, social and governance factors.
The money raised will be directed to initiatives to increase women's income and support those who want to start businesses in developing countries.
Japan's Dai-ichi Life Insurance will be the sole investor of the issuance, likely to total around 10 billion yen ($89.8 million). The 10-year bond is expected to have a yield of about 0.9% after adding the currency hedging impact.
Potential buyers will include Nippon Life Insurance and the Japan Bank for International Cooperation, through bonds or funds.
From 2016 through this year, Nippon Life has bought a total 12.5 billion yen of gender bonds such as the Woman Bond issued by Banco del Estado de Chile.
The money raised through these social responsibility funds has been used to provide loans to young women in areas of high unemployment and education programs to promote women's empowerment.
https://asia.nikkei.com/Politics-Economy/Economy/ADB-to-issue-first-gender-bond-at-90m
