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World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

3 mins read

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of combatting food loss and waste. These challenges are outlined by Sustainable Development Goal 12.3: halving food waste by 2030. The NOK 4 billion 5-year floating rate bond and SEK 1 billion 5-year fixed rate bond both mature on October 23, 2025. The bonds are the first dual-tranche issuance for IBRD in Scandinavian currencies and the first time IBRD…

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World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

3 mins read

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of combatting food loss and waste. These challenges are outlined by Sustainable Development Goal…