World Bank and Swedbank partner to raise awareness for sustainable water and ocean resources

The World Bank launched a 7-year SEK 2 billion Sustainable Development Bond as it continues to engage with investors to raise awareness for water and ocean resources. The bond is due in November 2026. Swedbank acted as sole lead manager for the transaction.

The World Bank, as the largest multilateral funder for ocean and water projects in developing countries, is committed to working with countries to ensure access to safe and clean water and for the sustainable use of ocean and marine resources. World Bank bonds support the financing of a diverse portfolio of sustainable development projects and programs including those which protect and preserve fresh and saltwater resources and address marine pollution such as fishing and aquaculture innovation in Peru, sustainable fisheries and marine resources conservation in Seychelles, and waste management improvements in Indonesia.

Heike Reichelt, Head of Investor Relations and New Products, World Bank Treasury, said: “This transaction has provided a valuable opportunity to engage with investors on how the World Bank is working with member countries to tackle a range of pressing development challenges around water. This includes providing continued access to safe drinking water and addressing the degradation of coastal areas and threats to fisheries and oceans that impact societies and our planet. We’re grateful to the investors for their interest in investing for purpose and to Swedbank for the collaboration”.

Original source: World Bank
Published on 15 November 2019