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ESG bond to tap into demand for ethical investment; deal 'sets new water mark' on sustainability
Lloyds Bank has tapped into the current enthusiasm for green bonds with its own Environmental, Social and Governance (ESG) bond. As Euromoney went to press, the UK bank issued a Pounds 250 million bond based on a defined set of eligible assets that underpin green bonds but going one step further by funding activities that deliver social benefits beyond environmental.
This is real - it isn't going away. Increasingly large fund managers will have larger allocations...