responsAbility Investments AG’s $177.5 Million Social Bond

Arthur Cox acted for responsAbility Investments AG.

The Swedish International Development Agency (SIDA), sustainable Swiss investment house responsAbility and Danske Bank joined forces to contribute to the Sustainable Development Goals of the UN 2030 Agenda. Led by responsAbility, they are launching a USD 177.5 million social bond that bundles loans to innovative companies in capital-scarce regions which operate in the financial inclusion, healthcare and WASH (water, sanitation, hygiene) sectors, and that have a measurable, positive social impact. The initiative addresses the increased urgency to act that Covid-19 has evinced.

responsAbility is a leading impact asset manager who designs investment products that make the world more sustainable.

SIDA is Sweden’s government agency for development cooperation.

Danske Bank is a Nordic bank with strong local roots and bridges to the rest of the world.

The Arthur Cox team was led by Cormac Kissane (Picture) and included Charles Meenan from Finance Team, David Kilty and Nicola Cavey from Tax Team and Helen Berrill and Jamie Quirke from Listings Team.

 

Involved fees earner: Helen Berrill – Arthur Cox; Nicola Cavey – Arthur Cox; David Kilty – Arthur Cox; Cormac Kissane – Arthur Cox; Charles Meenan – Arthur Cox; Jamie Quirke – Arthur Cox;

Law Firms: Arthur Cox;

Clients: responsAbility;

Author: Federica Tiefenthaler