BNPP partners with insurance arm on first structured social index-linked bond

BNP Paribas has debuted a €50 million social bond linked to the performance of the MSCI Eurozone Social Select 30 index. The new product is aimed at investors seeking to engage on social impact and supports social causes through a donation mechanism embedded into the transaction structure. The product was structured by BNP Paribas CIB’s global markets unit with BNP Paribas’s insurance arm, BNP Paribas Cardif, purchasing the note. The BNP Paribas’ social index-linked bond