Investors support Baltic cleanup through new bond issue

Nordic investors have highlighted a new fixed income instrument designed to support the cleanup of the Baltic Sea, one of the most poluted parts of the world's oceans. The 2024 bond has been issued by the Nordic Investment Bank with an Aaa/AAA (Moody's/S&P) rating, offering a coupon of 0.375%. NIB said the SEK2bn (€194m) bond proceeds would focus on water resource management and protection, which includes wastewater treatment, prevention of water pollution and water related climate change adaption....