Nippon Life Invests in World Bank Sustainable Development Bonds.
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 15-year AU$150 million Sustainable Development Bond, while for the first time, highlighting the importance of good nutrition to build human capital. Nippon Life Insurance Company was the sole investor in this transaction.
World Bank bonds support the financing of sustainable development projects and programs in member countries across a range of sectors in line with its mission to end extreme poverty and promote shared prosperity.
This includes US$4.9 billion in projects, of which US$1 billion are in IBRD countries.
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