NAB sells A$500m ‘gen­der equal­ity’ bonds

New Straits Times - - Business -

SYD­NEY: Na­tional Aus­tralia Bank (NAB) said it sold A$500 mil­lion (RM1.70 bil­lion) of “gen­der equal­ity” so­cial bonds, amid bur­geon­ing de­mand for eth­i­cal in­vest­ments. Eth­i­cal in­vest­ing in Aus­tralia had dou­bled to A$51.5 bil­lion in the last two years, ac­cord­ing to the Re­spon­si­ble In­vest­ment As­so­ci­a­tion Aus­trala­sia. AMP Cap­i­tal said it would sell A$570 mil­lion worth of tobacco and weapon-re­lated stocks and bond hold­ings un­der its re­vised En­vi­ron­men­tal, So­cial and Gov­er­nance pro­gramme and Re­spon­si­ble In­vest­ment Phi­los­o­phy.

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