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Coming out of the blue ? - We have all heard about Green Bond and its siblings : Social Bond and Sustainability Bond, but little has been written about the newborn of the credit family: Blue Bond. The latter one operates like any other debt instrument by providing capital to issuers in exchange for the nominal plus a little more. The main difference lies in its use of proceeds, which has to be closely tied to ocean conservation.
Most institutional bodies - corporates, financial institutions, governments, and municipalities - can issue blue bonds to fund ocean-related assets and to deliver initiatives that support the SDGs (the United Nation’s 17 Sustainable Development Goals).
In October 2018, when the World Bank agreed to offload a small portion of...
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