The World Bank has priced a SEK 1 billion (EUR 95 million) 7-year bond, the first in a series of Sustainable Development Bonds issued to spread the word about the critical role that water and ocean resources play in development around the world.
The focus of the new series of bonds is the highlighting of two specific goals within the United Nation's (UN) Sustainable Development Goals (SDGs): Goal 6 -- clean water and sanitation as well as SDG 14 -- Life below water.
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