Nuveen holds 80% of rare blue bond linked to debt-swap deal

Investor demand for the Barbados blue bond was initially “tepid,” says Stephen Liberatore, head of ESG and impact, global fixed income at Nuveen.
The savings generated will be used to protect the coral reefs and other ocean environments attached to the Caribbean island, Nuveen says.
The savings generated will be used to protect the coral reefs and other ocean environments attached to the Caribbean island, Nuveen says.

Nuveen LLC has bought 80% of a rare blue bond designed to help finance debt relief for Barbados and protect its marine environment.

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