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World Bank issues SEK 2 bn green bond
The World Bank issued a SEK 2 billion green bond due January 2029.
Swedish investors made up the majority of investors in the transaction with pension funds, insurance funds and asset managers accounting for 84% of participation.
Banks picked up the remaining share. The bond offers an annual coupon of 0.250% and a yield of 0.313%.
Skandinaviska Enskilda Banken (SEB) was the sole lead manager for this transaction.
The World Bank has issued over 160 green bonds in 22 currencies, totaling nearly $ 15 billion equivalent since its inaugural issue in 2008.
World Bank Green Bonds support the financing of projects in member countries that meet specific criteria for low carbon and climate resilient growth, seeking to mitigate climate change or help affected people adapt to it.
The types of eligible projects include renewable energy installations, energy efficiency projects, and new technologies in waste management and agriculture that reduce greenhouse gas emissions and help finance the transition to a low carbon economy.
They also support the financing of forest and watershed management and infrastructure projects that prevent climate-related flood damage and build climate resilience.
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