Philanthropy
Philanthropy Monitor: Latest Developments - PineBridge

This news service is starting a new round-up of stories where philanthropy and wealth management intersect around the world.
PineBridge Investments
PineBridge
Investments has rolled out two social bond-related deals
involving its developed markets fixed income team.
The first of the two deals was the $1 billion three-year Global
Social Bond issued by the International Finance Corporation on 11
March, a transaction that PineBridge supported to back
resilience-building programmes to fight against COVID-19.
This was followed by a second effort on 26 March in which
PineBridge supported the $3 billion “COVID-19 Social Bond” issued
by the African Development Bank, the first transaction of its
kind to be included in the London Stock Exchange Sustainability
Index. The proceeds from this bond issuance contribute directly
to infrastructure mitigation efforts in the region.