EBRD issues first climate resilience bond

The European Bank for Reconstruction and Development has launched the first ever climate resilience bond raising US$ 700 million.

BNP Paribas, Goldman Sachs, and Skandinaviska Enskilda Banken AB acted as joint bookrunners, which saw demand from approximately 40 investors in 15 countries. The proceeds from the five-year bond will be used to finance the Bank’s existing and new climate resilience projects.