A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called:
- (a) Green Bond
- (b) Social Bond
- (c) Sustainability Bond
- (d) Sovereign Bond
Answer: (c)
Explanation
A Green Bond funds only environmental projects; a Social Bond funds only social projects. A Sustainability Bond funds a combination of both environmental and social projects, which matches the question. A Sovereign Bond simply refers to a bond issued by a national government, unrelated to project-use classification.