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SEB lead manager in issuance of Sustainable Development Bond

SEB was Lead Manager when the World Bank issued a Sustainable Development bond of NOK 3.5 billion this week. The proceeds will be used for a combination of green and social projects in line with the World Bank's goal of eliminating extreme poverty and promoting shared prosperity.

The bond is part of the World Bank's program for Sustainable Development Bonds. The proceeds can be used for social projects in, for example, health, education, and housing, or for green projects linked to climate, water supply, biodiversity and more.

SEB was the Lead Manager and led the work of placing the bond on the market.

β€œIt is great to see the World Bank once more taking the lead in show-casing how finance can be used as an instrument to bring about change. SEB is proud to be collaborating with Investors and The World Bank in financing these projects and in driving sustainable financing forward”, says Christopher Flensborg, head of Climate and Sustainable Finance at SEB.

Press release from the World Bank