AMWatch

Alecta, Folksam and Länsförsäkringar rush to help those affected by the pandemic

In this situation it is imperative to act swiftly in strengthening the global community's ability to deal with the crisis, says Karl-Johan Nystedt, head of Public Sector & SSA Origination, who recently led a major deal on coronavirus relief arranged by SEB.

Kristofer Dreiman, head of responsible investments at Länsförsäkringar | Photo: PR / Länsförsäkringar

Alecta, Folksamgruppen and Länsförsäkringar have subscribed to a SEK 3 billion social bond, which aims to support countries affected by the coronavirus.

The social bond was issued by International Finance Corporation (IFC) and arranged in Sweden by SEB. The bond is a result of the World Bank's commitment to allocate up to EUR 11.2 billion (USD 12 billion) from the beginning of March to support states and the private sector in dealing with the consequences of the coronavirus outbreak.

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