World Bank prices the first-ever Kangaroo green bond [UPDATED]
- Wednesday, 16 April 2014
World Bank priced its first green bond issue in the Kangaroo market on April 15, pricing A$300 million (US$280.9 million) in a transaction which the issuer says was placed with 15 accounts including a range of major Australian institutional investors. World Bank green bonds are designed to fund projects targeted at climate change issues which directly affect developing countries, the issuer says.
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