HSBC has raised $1bn through the issuance of a sustainable bond based on the United Nations sustainable development goals (UNSDG).

The funds from the bond, which matures in 2023, will be used to support projects that offer broad social, economic and environmental benefits aligned to UNSDG targets, including renewables. 

The inaugural issue saw strong interest from a North America investor base, which took 80% of the final allocations, followed by Asia (10%) and Europe (9%), HSBC said.

HSBC group chief executive Stuart Gulliver said: “The launch recognises our responsibility to help finance global sustainable development. Investors want more socially and environmentally responsible investment opportunities, and this bond helps to meet that demand.”

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