WB issues SEK 500m bond to highlight water-oceans importance.

Tokyo -- World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 13-year SEK 500 million sustainable development bond that highlights the urgent need to address water and oceans pollution, particularly plastic waste in oceans. Fukoku Mutual Life Insurance Company (Fukoku Life) was the sole investor in this transaction and Credit Agricole CIB is the sole underwriter and distributor of the bond.

The bonds are the latest in an ongoing initiative by the World Bank to engage with investors and highlight the vital role of the world's freshwater and marine resources. Freshwater and marine ecosystems cover more than three-quarters of the earth's surface and provide critical services-from habitats and drinking water to climate control. As the biggest multilateral funder for ocean and water projects in developing countries, the World Bank is committed to working with investors to highlight the critical need to support...