On World Water Day, IFC announced the issuance of its first green bond designed to promote ocean-friendly projects and critical clean water resource protection in developing countries.
Listed on the
The five-year, fixed-rate, 2 billion Norwegian krone bond-equivalent to
'Investor demand for blue finance has grown with the increased threat of climate change to global water resources, marine ecosystems, and economic growth,' said
'SEB is very happy to support IFC's green bond issuance in connection with World Water Day, raising awareness of the water related projects and initiatives that are part of the IFC green bond portfolio,' said
Funds from IFC green bonds help unlock investment for private sector projects designed to support renewable energy including solar and wind, green buildings, clean public transportation, and other initiatives that cut greenhouse gases and help developing countries reach their decarbonization goals.
IFC's latest green bond issuance extends its long-standing work in green finance into blue finance, a pioneering area focused on harnessing the power of financial markets to support climate-related projects related to water, including ocean and coastal resources management.
In 2022, IFC published the Guidelines for Blue Finance to support the expansion of the market. Following the publication of the guidelines, IFC expanded its Green Bond Framework to include categories such as biodiversity and ocean and water conservation, as well as more robust climate adaptation selection processes and climate mitigation.
The ocean economy, or economic activities related to marine livelihoods and ecosystems, is on track to generate more than
The issuance will fund projects such as Sanasa, a water utility company in
Final Terms
Issuer: IFC (
Issue ratings: Aaa /
Format: Registered, CGN
Currency: Norwegian Krone ('NOK')
Amount: 2,000,000,000
Pricing Date:
Issue Date:
Maturity:
Coupon: 4% per annum, payable annually
Listing:
Denominations:
Documentation: Global Medium-Term Note Program
Underwriter:
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