Council of Europe Development Bank

SECTOR Supranational
RATINGS AAA/Aa1/AA+
RATING OUTLOOK All stable
PAID-IN CAPITAL (31 Dec 2019) €600M
CALLABLE CAPITAL (31 Dec 2019) €5.5BN
FUNDING VOLUME 2019/2020 €5BN/€4.5BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II 0%, Level 1, 0%
REPO ELIGIBILITY ECB
About Council of Europe Development Bank

Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. Founded by eight member states of the Council of Europe in 1956 to bring solutions to the problems of refugees, it is the oldest multilateral development institution in Europe. CEB invests in social projects that foster inclusion and contribute to improving the living conditions of the most vulnerable populations across Europe. CEB represents a major instrument of the policy of solidarity in Europe: it finances social projects to help its 42 member states achieve sustainable and equitable growth.

Sustainable funding strategy

The explicitly and exclusively social mandate of CEB positions the bank ideally to issue social bonds called Social Inclusion Bonds (SIBs) and to allocate the proceeds from these bonds to projects that support its mandate.

The longstanding experience in social financing and the respective reporting has allowed CEB swiftly to update its ICMA-aligned framework by including the health sector in response to COVID-19.

Since 2017, CEB has established a euro SIB curve by issuing a seven-year maturity each year. The SIB framework also allows for issuance under any of CEB’s bond programmes across all available currencies. CEB is committed to extending SIB issuance in new currencies.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMME
CEB issues Social Inclusion Bonds to finance projects in member states in the following sectors of action: social housing for low-income people, education and vocational training, supporting MSMEs for the creation and preservation of viable jobs, and health.

GSS BOND PROGRAMMES Social Inclusion Bonds

REFERENCE TAXONOMY FOR THE USE OF PROCEEDS

 ICMA aligned
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Social Bond Principles
EXTERNAL REVIEW PROVIDERS Sustainalytics

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE
ISS-oekom
MSCI
Sustainalytics
Vigeo Eiris		 B (Prime)
AA (Leader)
Outperformer
Review currently ongoing. No final results yet

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Arturo Seco Presencio
Deputy CFO
+33 147 555 500
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Adrian Kaeser
Funding Officer
+33 147 557 110
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Felix Grote
Principal Funding Officer
+33 147 555 528
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www.coebank.org/en/investor-relations/funding