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Seychelles’ $15m blue bond is no ordinary green bond

Seychelles Praslin island Wikimedia commons credit Tobi 87 230x150

The Seychelles has issued its long-expected ‘blue bond’, to finance improvements in the sustainability of its fishing and marine tourism industries. The $15m deal is at the challenging end of the green bond market, since Seychelles is a risky credit that defaulted in 2008 and is highly exposed to climate change. It could tempt other sovereigns to follow.

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