Alecta invests in blue bond to fund ocean conservation

The bond is financing a loan from a conservation agency to the Government of Belize.

Belize coastline | Photo: Source: iStockphotos

Swedish occupational pension company Alecta is investing USD 75m in a blue bond that will help the Government of Belize fund marine conservation.

The bond is issued by Platinum Securities and is helping finance part of a loan from conservation agency The Nature Conservancy (TNC) to Belize. The total financial transaction from TNC is USD 364m which aims to help the Government of Belize reduce its debt burden and generate an estimated USD 180m for marine conservation.

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