# African Bank says the first social bonds for three- and five-year periods were successfully settled at a total of 700-million-rand, with more than 1-billion-rand in bids received on the day. A chief sustainability officer, Edna Sathekga-Montse, says African Bank has evolved into a diversified retail and business bank. She says this framework to raise money for social and environmental initiatives is more than a financial tool, it’s a commitment to responsible banking, inclusive growth, and environmental stewardship.
African Bank raises R700-million on its first Social bond