Republic of Ecuador $400 million 7.25% sovereign social impact bond issue

16/1/2020
Investment grade bond/note issue, Sovereign bond issue

$ 400 million

Completed

16/1/2020


Overview:

  • The Republic of Ecuador issued a $400 million 7.25% sovereign social impact bond.
  • The issue was the first sovereign social impact bond issued on international markets.
  • The proceeds from the issue will allow the government to offer subsided mortgages to individuals on low and medium incomes. 

Ben Naylor - Editor

Jurisdictions:

United States
Ecuador
Florida
New York

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sectors:

Government and public policy
Social infrastructure