World Bank launches first sustainable development water bond

The international financial institution prices the first in a series of bonds focusing on clean and sustainable water, in a bid to raise awareness of the United Nations' Sustainable Development Goals.

Ocean resources and clean water in general has a high focus for the United Nations

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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