Nuveen Expects Rush of Social Bond Issues to Tackle Pandemic

Nuveen expects record issuance of bonds to help fight the coronavirus pandemic. Pharmaceutical companies and personal protective equipment manufacturers will likely be among active borrowers, said Stephen Liberatore, head of the responsible fixed-income strategy team for the $1 trillion money manager.

“You are going to see a substantially larger proportion of social and sustainability bonds than we’ve ever seen,” said Liberatore in a telephone interview on April 23. “As this goes on and as people start being able to better gauge what the real magnitude of the impact is in shutting down the global economy, there could be a wider range of issuers.”