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Danone issues first corporate social bond in line with ICMA guidelines

French food conglomerate Danone is the first multinational company to issue a social bond aligned with the new Social Bond Principles set out in the summer of 2017 by the International Capital Market Association.

Girl in Sao Paolo supermarket grabs Danonino yoghurts off the shelf | Photo: Danone

Since the International Capital Market Association, ICMA,  launched its princples for Social Bonds last summer no corporate social bonds have been launched. But French food conglomerate Danone just changed that by successfully issuing a 300 million Euro social bond.

CFO Cécile Cabanis said in a statement: "Creating positive impact on our ecosystem is a key enabler to drive sustainable value. This bond issuance has attracted significant interest from ESG Investors."

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