Vigeo Eiris provides a Second Party Opinion (SPO) on the sustainability of the Caisse d’Amortissement de la Dette Sociale (CADES) Social Bonds Framework

The net proceeds of the Bonds, part of a Social Bond program launched in the second half of 2020, will exclusively finance or refinance, in whole or in part, the deficits of the various branches and regimes of the French Social Security system. Two laws voted by French Parliament will transfer €136 billion of social debt to CADES and extend its lifespan to 2033. The target program of an additional €20 billion bond issues is set to be issued before the end of 2020 and €40 billion considered for 2021.

Vigeo Eiris provides Second Party Opinion on Mexico’s SDG linked Bond issued by Mexico under its SDG Sovereign Bond Framework.

The EUR 750 million intended Bond, closed in September 2020, will finance the Mexican agenda formally linked to the Sustainable Development Goals.

Vigeo Eiris provides Second Party Opinion on Colombia’s first Gender-focused Social Bond issued by Banco Davivienda and subscribed by IDB Invest

The COP $362.5 million (as of today, about USD 100 million) intended Bond, closed in August 2020, will finance social credits for women. It is the first gender-focused social bond in Colombia and South America. The Eligible Credits will be focused on social housing mortgages for women and female-owned SMEs in Colombia. IDB Invest acted as the structurer and investor for this operation.