Ethical Performance
inside intelligence for responsible business
 

news

World Bank arm issues green bond

2010

A $200million ‘green bond’ has been issued by the International Finance Corporation (IFC), the private arm of the World Bank, to raise funds for low carbon projects in the third world.

The issue, which builds on existing World Bank green bonds that have attracted more than $1billion in investment from various pension funds since they were first released in 2008, will be a four-year, fixed-rate bond managed by the Sweden-based SEB.

The bond could fund projects ranging from the reconditioning of power plants and transmission facilities to reducing emissions and the building of solar and wind farm installations.

The IFC said it had made a commitment to increasing its involvement in climate friendly business, and that the proceeds of the green bond ‘will help us achieve those goals’. It also said the issue was ‘oversubscribed by leading investors from around the world’.



BBMG1

3BL Media News
Membership
Sign up for Free e-news
Report Alerts
Job Vacancies
eNews
Events Updates
Best Practice Newsletter