The World Bank has raised $173 million for the world’s first SDG Bond.
From the folks who brought us the first green bond comes the first issue committed to the 17 Sustainable Development Goals.
The World Bank will deploy capital raised through the bond for development projects across the spectrum of the Global Goals (see, “Sustainable Development Goals take hold as a universal impact investment framework”).
The issue raised €163 million from a group of European investors, including the bank’s French and Italian subsidiaries.
Returns are pegged to an index of 50 SDG-committed companies, including Nestlé and Danone.
First issued by the World Bank in 2008, global green bonds became a $93 billion market last year.
BNP Paribas led the latest issuance.
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