Part of series developed by UN Women and the Luxembourg Stock Exchange with the support of Luxembourg Aid & Devlopment, this case study highlights a 75M Euro sustainability bond issued by Finnfund, the Finnish fund for Industrial Cooperation, a development finance institution and impact investor focused on Africa, Asia, and Latin America. A sustainability bond is a type of use of proceeds (UoP) bond, which directs the bond proceeds toward the economic activities of identified investees. Proceeds are allocated to social projects under four categories: access to essential services, affordable basic infrastructure, employment generation and improved livelihoods, and food security and sustainable food systems. Gender considerations in the use of proceeds include earmarking financing and insurance for women, products and service aimed at improving women’s rights, and digital infrastructure that aims to narrow the gender gap.