02 Dec 2019 09:04

The World Bank teams up with SEB to launch a green bond in Denmark

With SEB as lead manager, The World Bank has launched its first green bond denominated in Danish kroner (DKK). Institutional investors in both Denmark and Sweden have shown great interest in the bond and several pension funds are already on board.    

The World Bank’s green bonds are issued to support the financing of different environmental projects – all the way from renewable energy installations to new technologies in waste management.

”The challenges posed by increased pollution, climate stress and consumption require cooperation across markets, mandates and sectors. This transaction is yet another example of how that can be achieved through the financial markets – now with strong support from Danish asset owners”, says Christopher Flensborg, Head of Climate and Sustainable Finance at SEB.

SEB’s cooperation with The World Bank regarding green bonds has been up and running for over a decade. When the World Bank issued its first green bond in 2008, this was done together with SEB. The new, Danish bond is the World Bank’s first issuance in DKK since 1997.