In late October, Citi issued its first social bond, priced close to par, with a four-year tenor and 1.281% fixed-rate coupon. Proceeds will be used to finance healthcare, affordable housing, education and other goods and services that meet the bank’s social principles. Jorge Rubio Nava, global head of social finance at Citi, talks about the new bond as well as the evolution of Citi’s culture and policy with respect to ESG.
Puerto Rico recently received long-delayed funds to rebuild its infrastructure and economy, both having been hammered by storms as well as the recent global pandemic. Manuel Cidre Miranda, a longtime entrepreneur and businessman who became secretary of Puerto Rico’s Department of Economic Development and Commerce in January, talks about recovery, rebuilding and lessons the island has learned from past experience about how to spend wisely for long-term resilience.
Governor Yuriko Koike discusses plans, progress and potential hurdles in Tokyo’s efforts to reclaim the mantle of a top world financial center for the 21st century.
Global Finance names its foreign exchange awards in honor of Gordon W. Platt Jr., a beloved and devoted editor, friend and global citizen.
A new award from Global Finance recognizes banks with outstanding service and practice, but not necessarily the biggest balance sheets.