This is good. Despite global financial crisis the World Bank in partnership with SEB and several Scandinavian institutional investors, was still able to raise $300 million in Swedish krona-denominated six-years green bonds. Funds raised will be directly invested into climate change related products. Via Environmental Finance.
The money raised will be invested exclusively in technologies that reduce greenhouse gases, energy efficiency projects, reforestation or avoided deforestation projects, or to help developing countries adapt to the effects of climate change.
The pool of buyers for these kind of bonds: insurance companies (2/3), pension funds and socially responsible investment portfolio (SRI). The triple-A rated bonds will pay 0.25 percent above Swedish government bonds.
