The World Bank has issued a EUR 90 million Sustainable Development Bond with a seven-year maturity, set to mature in September 2032. The bond was purchased entirely by the National Mutual Insurance Federation of Agricultural Cooperatives (Zenkyoren), a Japanese institutional investor.
According to the World Bank, proceeds from this bond will be used to finance sustainable development activities that aim to create positive social and environmental outcomes in developing countries. These efforts are aligned with the institution’s mission to end extreme poverty and promote shared prosperity on a livable planet.
The World Bank, established in 1944 and owned by 189 nations, provides financial products and advisory services to middle-income and creditworthy countries. It plays a role in coordinating responses to global development challenges and has been active in international capital markets for over 75 years. Its bonds follow the Sustainability Bond Guidelines set by the International Capital Market Association. Further details about these bonds can be found at www.worldbank.org/debtsecurities.
A statement from the World Bank notes: “Proceeds of the bond will be used to support the financing of eligible sustainable development activities designed to achieve positive social and environmental impacts in developing countries in line with the World Bank’s mission to end extreme poverty and boost shared prosperity on a livable planet.”
The organization also clarifies that net proceeds from this security are not specifically allocated for lending or financing any particular project or program, and payments on these securities are not tied to any specific project.
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