The Social Market

Is a social bond advantageous? How many and what are the disadvantages of the investment? What are the returns likely to be? How risky is it? Is it rated? Where can you buy it? These are the questions that any potential investor might ask, but they could also be asked by an issuer wondering whether or not this is the right instrument to use. All this can be answered by discussing the secondary market. We are going to start with a general historical overview (Galitopoulou and Noya 2016; Gustafsson-Wright 2020); and then explore the pros and cons—including return and risk; and conclude with an analysis of the latest data, downloaded from Euronext and reprocessed using the Refinitiv database.