Swedish AP1 has invested in a SEK 1bn (€94.8m) 7-year bond in a series of sustainable development bonds issued to raise awareness for the critical role that water and ocean resources play in development around the world, the World Bank has announced.
AP1 invested in the transaction together with SEB Företagsobligationsfond, SPP Storebrand and Swedbank Robur Fonder AB.
The transaction followed the World Bank’s initiative to highlight sustainable development goals such as clean water and sanitation and life below water during World Water Week 2018.
World Bank vice president and treasurer Arunma Oteh said: "We are very pleased to price this SEK-denominated Sustainable Development Bond, so soon after we announced our new initiative.
“The demand for this bond shows that investors are aware of the critical need to protect water, our most precious resource, and to ensure a sustainable future,” Oteh said.
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