The world's largest sustainable debt security issued in compliance with the UN's Sustainable Development Goal 5"gender equality"is being used to improve the lives of more than 880,000 women and girls in the Global South.
Clifford Chance, a global law firm pro bono, advised Australia and New Zealand Banking Group and Standard Chartered Bank on the sixth issue of the SDG Impact Investment Exchange's Women's SDG Bond Series, per a press release.
The bonds will be used to promote the growth of women-focused businesses in six sectors: agriculture, water and sanitation, clean energy, affordable housing, Cambodia, Indonesia, and Vietnam.
The impact of this capital raise extends to India, Kenya, and Vietnam, with 100% of the proceeds designed to advance 5: Gender Equality and 13: Climate Action as well.
"Not only has it brought about meaningful change in the lives of women and girls in the Global South, but it has also transformed the landscape in a way that contributes to such significant social transformation," says a Clifford Chance partner.
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