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Tom Nides

Morgan Stanley issued $1 bln social bond to support affordable housing

1 min read

The FINANCIAL — Morgan Stanley (NYSE: MS) announced the issuance of a $1 billion social bond to support affordable housing projects, the latest step in the Firm’s ongoing strategy to advance market-based solutions to address sustainability challenges. This issuance follows the inaugural green bond issued by Morgan Stanley in 2015, which supported various renewable energy and energy efficiency projects. Morgan Stanley intends to allocate an amount equal to the net proceeds of the social bond to affordable housing projects, which aim to provide housing at affordable rates to low- or moderate-income individuals and/or families in the United States. “As the COVID-19…

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Morgan Stanley issued $1 bln social bond to support affordable housing

1 min read

The FINANCIAL — Morgan Stanley (NYSE: MS) announced the issuance of a $1 billion social bond to support affordable housing projects, the latest step in the Firm’s ongoing strategy to advance market-based solutions to address sustainability challenges. This issuance follows the inaugural green bond issued by Morgan Stanley in 2015, which supported various renewable energy and…