17 Apr 2020 15:31

”A privilege assisting clients to raise capital to meet covid-19”

SEB has arranged the issuance of a health bond of SEK 11.5 billion. The bond is part of the World Bank's health program with focus on supporting the member states' ability to prevent, detect and respond to the spread of covid-19.

The bond is issued by International Bank for Reconstruction and Development (IBRD), an intergovernmental development bank that is part of the World Bank. Earlier this week, IBRD issued similar health bonds in dollars, pounds and euros and now these are supplemented by a bond, which is the largest SSA bond (Sovereign, Supranational and agency) so far in Swedish kronor.

SEB was the sole lead arranger of the transaction.

“It is a privilege to be capable of assisting our clients in raising capital to address Global challenges during the time of Covid-19. To have institutions like The World Bank with expertise to mitigate risk and operate locally, and clients, who combine their financial mandate with ways of reducing global risks, is a fortune”, states Christopher Flensborg, head of Climate and Sustainable Finance.

Investors in the bond include Scandinavian and European asset managers, pension and insurance funds as well as companies, central banks and banks.

Read press release from World Bank