World Bank Issues First Bond Aimed At Raising Funds For Sustainable Development Goals
Financial Times: World Bank issues bond aimed at highlighting sustainable development
“The World Bank is hoping to draw attention to the United Nations’ Sustainable Development Goals with a sale of unusual bonds. Payouts on the securities, which are relatively small, will be linked to the stock market performance of 50 companies considered to be making a significant contribution to the goals, including Nestle and Danone…” (Moore, 3/9).
Reuters: World Bank issues first U.N. sustainable development bond
“…The deal represents the first issue from the World Bank’s ‘SDGs Everyone’ initiative announced in January. Unlike a typical Green bond, where proceeds are earmarked for specific environmental projects, proceeds from SDG issues will be used for general development projects…” (Bartholomew, 3/9).