BayernLB

06-Nov-2018

BayernLabo’s first social bond impresses with sustainable added value

BayernLabo is responsible for the non-competitive residential construction and urban development business under public mandate on behalf of BayernLB. In November 2017, BayernLabo issued its first social bond to fund selected subsidy programmes in Bavaria.  Our Social Bond Report 2018 provides information how the issue proceeds of EUR 500 million have been used. In addition, rating agency ISS-oekom research has produced an update to its Second Party Opinion from 2017 at the request of BayernLabo, which confirms the sustainable added value of the social bond.