Citi’s $3 billion social finance bond stands out as North America’s most impactful ESG transaction of 2024. It is the largest social bond ever issued by a private sector institution and the only social-labelled transaction in the investment-grade dollar market that year.
Structured in two tranches and priced on 12 November 2024, the bond attracted strong demand from sustainability-focused investors, with final books 2.3x oversubscribed.
Proceeds are allocated to Citi’s social finance asset portfolio, which supports inclusive finance and access to essential services across 28 emerging markets.