(PRESS RELEASE) STOCKHOLM, 14-Jan-2022 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (STO: SEB-A) (SEB), a Swedish financial group leader on the Nordic market, has announced it was the lead manager for the recent NOK 3.5 billion (EUR 350 million) Sustainable Development bond issuance of the World Bank. The World Bank plans to use the proceeds for a combination of green and social projects in line with the 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.
“It 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.
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SOURCE: Skandinaviska Enskilda Banken AB