WASHINGTON, D.C., February 17, 2022 — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a SEK green bond due August 2028, raising SEK 4 billion. The Folksam Group was the sole investor in the transaction. Skandinaviska Enskilda Banken (SEB) was the sole lead manager for this transaction.
Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury, said, “World Bank bonds are a way for investors to contribute to their sustainable investment targets as they channel funds to our member countries for a greener and more resilient future. We are delighted to once again collaborate with the Folksam Group and appreciate their holistic approach including not only green, but sustainable investment products overall.”
Marcus Blomberg, Investment Manager, Folksam, said, “I am pleased with the close cooperation we within the Folksam Group have had for a long time with the World Bank and their various initiatives for sustainable development. Customers of Folksam not only get a secure return on their pension money but can also be involved in and contribute to a sustainable future.”
The World Bank has issued over 200 green bonds in 22 currencies, totaling nearly USD 17 billion equivalent since its inaugural issue in 2008. World Bank Green Bonds support the financing of projects in member countries that meet specific criteria for low carbon and climate resilient growth, seeking to mitigate climate change or help affected people adapt to it. The types of eligible projects include renewable energy installations, energy efficiency projects, and new technologies in waste management and agriculture that reduce greenhouse gas emissions and help finance the transition to a low carbon economy. They also support the financing of forest and watershed management and infrastructure projects that prevent climate-related flood damage and build climate resilience.
