Nordic Investment Bank Issues First "Blue Bond"

30 Jan 2019 by OOSKAnews Correspondent
HELSINKI, Finland
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The Nordic Investment Bank (NIB) traded its first Nordic-Baltic Blue Bond January 24. The 5-year $220 Million USD bond will support investments in water resource management and protection.Issued in response to new types of pollution and increased pressure on water environments, the bond is targeted at sustainable development and project include wastewater treatment, prevention of water pollution and water-related climate change adaptation.To address the issue of sustainable urban development in the future, investments in wastewater treatment are targeted to offset the effects of eutrophication due to high levels of phosphorus and nitrogen discharge that result in unusually high levels of plant and algae growth...

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