Social Bonds

ICO's main role is to promote economic activities that contribute to the growth and development of the country while improving the distribution of wealth, especially sectors identified as a priority due to their social, cultural, innovational or environmental significance.
 
In early 2015, ICO launched its inaugural Social Bond when no Social Bond specific guidelines were yet in place. ICO took an innovative route that perfectly fitted its mission and it put the focus on the "S" for "Social" in ESG criteria. Since the very beginning, ICO has played a key role in developing and promoting the Social Bond market by issuing at least a benchmark Social Bond every year and helping to set an example for market practice. In April 2020, ICO expanded his Social Bond Framework becoming one of the first issuers to integrate the COVID19 in the Framework, with a favourable Second Opinion from Sustainalytics. In May 2020, ICO became the first Spanish issuer to launch a public COVID19 Social Bond.
 
ICO is fully committed to Sustainability Finance and it will continue promoting the development of the Social Bonds market. In this line, ICO has developed its Social Bond Framework following the recommendations set in line with ICMA's Social Bond Principles and its four core components as well as its recommendation for External Review.
 
Social Bond Framework (March 2020). Download PDF file
 
Second Party Opinion (Framework launched in 2020). Download PDF file
 
Second Party Opinion (Framework launched in 2015). Download PDF file
 
Methodology report on the employment impact of ICO's Social Bond. Download PDF file
 
 
 

ICO Social Bonds

ISIN

ISSUE DATE

MATURITY DATE

AMMOUNT (mill)

REPORTING

EXTERNAL REVIEW

News

XS2173111282

13/05/2020

30/04/2024

EUR 500

 

 

Press release

XS2073787470

31/10/2019

31/10/2022

EUR 500

October 2020

October 2020

Press release

XS1915152000

26/11/2018

31/10/2023

EUR 500

October 2019

October 2019

Press release

XS1688140034

22/09/2017

22/09/2022

SEK 500

October 2018

October 2018

Press release

XS1644451434

13/07/2017

30/07/2021

EUR 500

July 2018

July 2018

Press release

XS1394094004

12/04/2016

12/09/2018

EUR 500

May 2017

May 2017

Press release

XS1180277524

04/02/2015

15/12/2017

EUR 1.000

February 2016

February 2016

Press release GC Awards