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Alecta and Afa invest in new social bond

The occupational pension giant and insurance company are investing in social bond guaranteed by Sweden’s government agency for development, Sida.

Photo: PR: UN

Two large Swedish institutional investors, occupational pension company Alecta and insurance company Afa Försäkring, are the sole investors in a new USD 150m social bond that will provide loans to projects in Africa, Latin America and Asia.

The bond is guaranteed by the Swedish government agency for global development, Sida, which means it will cover 25 percent of any overall loss over the bond's five-and-a-half-year duration.

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