Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

World Bank passes $10 billion green bond milestone



Climate Finance

With a sale last week of two bonds to Swedish insurance company Folksam, the World Bank passed the $10 billion mark for its issues of green bonds [paywall].

The bank, which launched the first green bonds in 2008, is now the world’s third largest green bond issuer after European Investment Bank and German development bank KfW.

The bank’s 130 green bonds (in 18 currencies) have raised $10.05 billion to finance renewable energy installations, energy efficiency projects, waste management and agriculture technologies that meet criteria for low carbon and climate resilient growth.

The green bonds generate low-cost capital because they carry the World Bank’s AAA credit rating.

The two bonds sold to Folksam, for example, have five-year maturities and include a $300 million bond paying 2% annually and a $50 million floating-rate bond.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Condo.ca

You might also like...