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PRESS RELEASE June 26, 2019

World Bank Issues MXN 1,920 Million Green Bond for Japanese Life Insurance

Tokyo, June 26, 2019—World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 10-year MXN 1,920 million green bond and Daiichi Life Insurance Company was the sole investor in this transaction.

With this latest transaction, the World Bank has issued more than 150 green bonds in 20 currencies, totaling almost USD 13 billion equivalent since its inaugural issue in 2008. World Bank Green Bonds offer investors an opportunity to support environmental solutions through a bond product that benefits from the triple-A credit strength of the World Bank. World Bank Green Bonds help support the financing of projects in member countries that meet specific criteria for low carbon and climate resilient growth, seeking to mitigate climate change or help affected people adapt to it. The types of eligible projects include renewable energy installations, energy efficiency projects, and new technologies in waste management and agriculture that reduce greenhouse gas emissions and help finance the transition to a low carbon economy. They also include financing for forest and watershed management and infrastructure to prevent climate-related flood damage and build climate resilience.

For more information about World Bank Green Bonds:
https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-green-bonds

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact. Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

 


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