World’s first dedicated climate resilience bond, for US$ 700m, is issued by EBRD

The European Bank for Reconstruction and Development (EBRD) has successfully launched the first ever dedicated climate resilience bond, raising US$ 700 million with the issuance.

BNP Paribas, Goldman Sachs, and Skandinaviska Enskilda Banken AB acted as joint bookrunners, which saw demand from approximately 40 investors in 15 countries.