Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a EUR 550 million 3-year fixed rate global green bond, its inaugural green benchmark in this currency and its second green bond of the year. World Bank Green Bonds support its lending to eligible development programs that are designed to address the challenges of climate change.
With today’s issue, the World Bank continues to attract new investors and expand the investor base for the green bond market, marking another important milestone. The World Bank has now issued a total of USD 5.3 billion equivalent in green bonds since its inaugural green bond in 2008.
The bonds were placed with 21 investors, including Aegon Asset Management, AP2, APG, Barclays Treasury, Blackrock, Caisse Centrale de Reassurance, Ikea Group, Mirova, Natixis Asset Management, Pictet, SEB Asset Management, SNS Asset Management, Standish Mellon Asset Management Company LLC, Zurich Insurance Group and Zwitserleven. In addition to the traditional investment considerations such as safety of investment and risk-adjusted returns, all investors purchased the bonds due to their interest in supporting climate-friendly projects within their investment mandates.
See full Press Release: http://treasury.worldbank.org/cmd/htm/First_World_Bank_Green_Bond_Benchmark_Euros.html
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