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Swedish insurer invests EUR 350m in World Bank bond

The Folksam group wants to help finance projects combating drought and developing new renewable energy and biological diversity solutions.
Some of the projects the green bonds from the World Bank are helping to finance include a geothermal energy development in Indonesia and a water project in Botswana aimed at combating drought. | Photo: AIZAR RALDES/AFP / AFP
Some of the projects the green bonds from the World Bank are helping to finance include a geothermal energy development in Indonesia and a water project in Botswana aimed at combating drought. | Photo: AIZAR RALDES/AFP / AFP
by MIRZA GAZIC

Swedish insurance group Folksam is investing SEK 3.8bn (EUR 360m) in a new bond issued by the World Bank. The firm is the sole investor in the new bond, which will aim to finance projects in renewable energy, energy efficiency and biological diversity.

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