Clifford Chance

Clifford Chance advises Standard Chartered on €1 billion Social Bond Issuance

Global law firm Clifford Chance has advised Standard Chartered on its first-ever Social Bond, raising €1 billion. An amount equal to the net proceeds of the Social Bond are intended to primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs.

Proceeds will also be used to finance access to essential services including healthcare and education, and will facilitate investment into affordable basic infrastructure and food security, in line with the social activities set out in Standard Chartered’s Sustainability Bond Framework.

The Clifford Chance team advising Standard Chartered on this transaction includes partners Michael Dakin and Matteo Sbraga with support from senior associate Sarah Cheng and associate Simina Sovi.