Proposes rules for prospective issuers
By Nkiruka Nnorom
The Securities and Exchange Commission, SEC, has commenced moves to ensure that Nigeria and Nigerians benefit from the fast growing global social bonds market currently estimated at $85 billion.
Social bonds are types of debt issues which proceeds are exclusively deployed to finance or refinance projects aimed at addressing or mitigating a specific social issue and/or seek to achieve positive social outcomes for a target population, usually people living below the poverty line.
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