ICO-Social Bonds
ICO's main role is to promote economic activities that contribute to the growth and development of the country
ICO's mission 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 first Social Bond when there were still no specific guidelines for Social Bonds. In doing so, ICO took an innovative path that perfectly matched its mission, and since then it has played a key role in developing and promoting the social bond market, issuing at least one social bond each year.
In April 2020, ICO updated its Social Bond Framework, becoming one of the first issuers to integrate the raising of funds in response to the Covid-19 pandemic. Subsequently, in May 2020, ICO was the first Spanish issuer to launch a COVID 19 Social Bond in public format.
In October 2025, ICO updated its Social Bond Framework for the second time in its history, reinforcing its commitment to generating a positive social impact and expanding the scope of eligible categories. To this end, this update includes two new categories, ‘food security and sustainable food systems,’ and the energy subcategory ‘affordable basic infrastructure.’ The new framework has received a favourable Second Party Opinion (SPO) issued by an independent third party, confirming its alignment with the latest June 2025 version of the ICMA Social Principles.
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.
Descarga de documentos
ICO’s Social Bond Framework and related documents
See previous documents
| Information about ICO Social Bonds with reports and press releases | ||||||
|---|---|---|---|---|---|---|
|
ISIN |
Issue Date |
Maturity Date |
Ammount (mill) |
Allocation & Impact reports |
External Review |
News |
| XS3222608906 | 04/11/2025 | 30/04/2030 | EUR 500 | Press release | ||
| XS2838987506 | 11/06/2024 | 31/10/2029 | EUR 500 | June 2025 | June 2025 | Press release |
| XS2645690525 | 04/07/2023 | 31/10/2028 | EUR 500 | July 2024 | July 2024 | |
| XS2538778478 | 28/09/2022 | 31/01/2028 | EUR 500 | September 2023 | September 2023 | Press release |