World Bank green bond issue raises USD 130 million from institutional investors

Newsroom 14/12/2009 | 11:06

The World Bank has raised USD 130 million in its third green bonds issuance, which aims to support projects in client countries that meet specific criteria for low-carbon development.

The bonds are part of public- and private-sector efforts to raise funds for projects seeking to mitigate the rise in greenhouse gas emissions or help people in developing countries affected by climate change.

The transaction was lead-managed by SEB. Among the investors who purchased the bonds were institutions in the US such as the California State Teachers’ Retirement System (CalSTRS), and in Sweden, the Swedish life insurance provider SEB Trygg Liv, and Swedish National Pension Funds, AP2 and AP3. The United Nations Joint Staff Pension Fund (UNJSPF), which participated in the inaugural World Bank green bond last year, also invested in the latest issuance.

This third transaction brings the total amount raised through World Bank green bonds to the equivalent of almost USD 800 million.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine November 2023 Issue

The November 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mastercard On a Mission to Build an Inclusive Digital Economy”. To
Newsroom | 27/11/2023 | 17:41
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue