World Bank Launches $225 Million USD Sustainable Development Bond For Preservation Of Freshwater And Marine Ecosystems

11 May 2019 by OOSKAnews Correspondent
WASHINGTON DC, United States

The International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, has launched a Sustainable Development Bond to raise awareness for the critical role that water and ocean resources play in development around the world.This EUR denominated was priced on April 24, 2019 and raised EUR 200,000,000 ($225 Million USD) with a Settlement Date of May 10.HSBC was the sole lead manager of the bond. “This bond shows investor interest in preserving freshwater and marine ecosystems that are crucial for our habitats, drinking water and climate. We are pleased to see that investors are looking for ways to support the Sustainable Development Goals - including through our bonds,” said Heike Reichelt, Head of World Bank’s Investor Relations and New Products...

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