SSA SRI pipe builds after NIB’s new blue bond

The socially responsible investment market in SSAs is picking up pace in 2019, with a supranational bringing a deal in a debut format and other issuers preparing inaugural trades.
The Nordic Investment Bank on Thursday priced its first ever ‘Nordic-Baltic Blue Bond’. The Skr2bn ($220.3m) 0.375% five year used NIB’s environmental bond framework, and proceeds focus on investments in water resource management and protection. Sole lead SEB priced the bond at 2bp through mid-swaps.
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