6 November 2008: The World Bank, in partnership with SEB and Scandinavian institutional investors, will raise funds for projects seeking to mitigate climate change or promote adaptation to its effects, through the issue of a “World Bank green bond.” A result of its “Strategic Framework for Development and Climate Change,” the green bond is an […]
6 November 2008: The World Bank, in partnership with SEB and
Scandinavian institutional investors, will raise funds for projects seeking to
mitigate climate change or promote adaptation to its effects, through the issue
of a “World Bank green bond.”
A result of its “Strategic Framework for
Development and Climate Change,” the green bond is an example of innovative
approaches to financing. The bonds will be issued for a total amount of 2.325
billion Swedish kronor (SEK), with an annual interest rate of 0.25% above
Swedish government bond rates, and will have a maturity of six years. SEB will
be the lead manager and offer the bonds to investors through its distribution
network. [World
Bank Press Release]