At €1.25 billion ($1.35 billion), the Council of Europe Development Bank (CEB) issued its largest syndicated Social Inclusion Bond (SIB) to date, last year.

Demand on the SIB drove the final orderbook to above €3.3 billion, allowing it to be upsized and closing 2.7x oversubscribed.

Since delivering its first SIB in 2017, the CEB's issuance has now surpassed €10 billion, and the category has grown to make up more than 40% of the bank's overall funding in 2024. This growth means it now offers SIBs across more currencies including US dollar, sterling, Swedish krona and others.

CEB argues social investments are a powerful means to ensure a just and inclusive transition while simultaneously advancing climate action, notably for the most vulnerable. It adds that it is committed to fostering a just and socially inclusive transition.