Ford Foundation Announces Sale, Pricing of Landmark $1 Billion Social Bonds
June 25, 2020
June 25, 2020
NEW YORK, June 25 -- The Ford Foundation issued the following news:
The Ford Foundation announced the pricing and sale of a $1 billion aggregate principal Social Bond (taxable), the net proceeds of which will help support and strengthen nonprofit organizations hit hard by COVID-19 pandemic. This Social Bond is the first-ever such offering by a U.S. nonprofit foundation in the taxable corporate bond market.
The foundation's bond offering includes 30-year and 50-year matu . . .
The Ford Foundation announced the pricing and sale of a $1 billion aggregate principal Social Bond (taxable), the net proceeds of which will help support and strengthen nonprofit organizations hit hard by COVID-19 pandemic. This Social Bond is the first-ever such offering by a U.S. nonprofit foundation in the taxable corporate bond market.
The foundation's bond offering includes 30-year and 50-year matu . . .