“Gender Equality” Bond Issue is Oversubscribed—by 20 Times
A $400 million “gender equality bond” issued by Australia’s QBE Insurance Group turned out to be beyond popular: applications of more than $8.25 billion were received for the offering. Adding to its “wow factor,” the QBE bond is the first-ever such bond to be issued in a G3 currency—US dollars, euro, and yen. “The funds raised will be invested in bonds issued by companies that have policies of supporting workplace gender equality,” reports Reuters, including those that have signed up to the United Nations seven principles on Women's Empowerment and entities referenced in the Equileap 2017 Gender Equality Report. The outsized interest in this gender-defined bond reflects the growing attraction for ESG-driven products by mainstream investors.
John Howell, Editorial Director
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