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Major investors buy new World Bank bond

Sweden's largest fund manager and one of the country's main life insurers are, among others, investors once again flocking to a new sustainable development bond.

Photo: Ritzau Scanpix/REUTERS/Johannes P. Christo

The World Bank announced the launch of a new sustainable development bond issued in both Norwegian and Swedish currencies this week, having already raised a total of USD 440m from several Nordic fund managers and life insurance companies.

Among these are Swedbank Robur, Sweden's biggest fund manager, and life insurance giant Folksam. Others include Cliens Kapitalförvaltning, Nordea Asset Management, The Church of Sweden, SPP and parent company Storebrand, Handelsbanken Asset Management Sparebank 1, SEB Företagsobligationsfond Hållbar and telecom company Telia.

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