Features
Citi’s Social Evolution: Q&A With Citi Global Head of Social Finance Jorge Rubio Nava
In late October, Citi issued its first social bond, priced close to par, with a four-year tenor and 1.281% fixed-rate coupon. Proceeds will be used to finance healthcare, affordable housing, education and other goods and services that meet the bank’s social principles. Jorge Rubio Nava, global head of social finance at Citi, talks about the new bond as well as the evolution of Citi’s culture and policy with respect to ESG.
