Bonds meant to finance social causes had their busiest April on record, propelled by large deals from French unemployment insurance agency Unedic and the Republic of Colombia.
Global social bond sales reached $14.3 billion last month, edging out a previous record of $12.2 billion in April 2022, according to data compiled by Bloomberg.
Unedic issued a €1 billion (US$1.08 billion) offering to fund the agency's efforts to compensate workers and help companies preserve jobs through economic or health crises, according to its framework. It received orders that covered the deal nearly 13 times.
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