The first in a series of World Bank bonds to promote sustainable water use and ocean protection has been priced at SEK1 billion (US$77 million). The seven-year bond is the first in a new series of Sustainable Development Bonds that aim to raise at least $3 billion to address sanitation, water scarcity, and marine protection issues. It is part of the Bank’s programme to engage investors in the Sustainable Development Goals (SDGs), and is targeted specifically at SDG6 and SDG14, which promote access to clean water and sanitation and increased protection for ocean wildlife. Arunma Oteh, vice president of the World Bank, said the swift pricing of the bond demonstrates growing investor interest in the SDGs. The World Bank added that focus on water issues had attracted new investors to its bonds.

Posted by

Business Green