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Folksam targets SEK 25 billion green bonds after USD 350 million investment

Sweden’s Folksam is doubling its green bonds allocation target after taking a USD 350 million tranche of the notes issued by the World Bank through the IFC. “The Folksam Group is now one of the largest private buyers of green bonds in the world,” says president and CEO Jens Henriksson.

Photo: /ritzau/AP/Martin Meissner/

Insurance group Folksam now has four percent of its total assets invested in green bonds, following a recent USD 350 million(EUR 299 million) investment in notes issued by the World Bank.

The Swedish life, non-life and pensions group said it acquired the large tranche of green bonds in an exclusive process via the World Bank's private sector agency IFC.

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