Standard Chartered issues first Social Bond to support sustainable development

London-based Standard Chartered has issued its first-ever Social Bond worth EUR1 billion to support sustainable development across low-income countries in Asia, Africa, and the Middle East. The issuance aims to facilitate lending to SMEs, ensuring access to finance, creating jobs, and empowering women-owned businesses. Proceeds will finance access to essential services in healthcare and education and invest in affordable basic infrastructure, emphasizing inclusive growth. The bond is a key step in addressing the USD4.2 trillion annual investment needed to facilitate sustainable development in these emerging markets.