World Bank issues first UN sustainable development bond

LONDON, March 9 (IFR) - The World Bank has raised its first bond linked to the United Nations’ Sustainable Development Goals as it looks to help a global effort to end poverty, tackle climate change and promote equality. The returns on the €163m two-tranche issue led by BNP Paribas are linked to an index of 50 companies that have been identified as making a significant contribution to the advancement of the UN’s sustainable development agenda. Please click here to continue reading this article.