Nordic Investment Bank Issues First "Blue Bond"

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HELSINKI, Finland

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.