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CalSTRS Invests In $130 Million Green Bond Issue

CalSTRS, European pension funds invest in World Bank’s $130 million green bonds issue.

The California State Teachers’ Retirement System (CalSTRS), along with some other European pension funds, has invested in the World Bank’s $130 million green bonds issue, Pension & Investments reports. Swedish life insurance provider, SEB Trygg Liv, and Swedish pension funds, AP2 and AP3, along with the United Nations Joint Staff Pension Fund, have also invested in the issue.

The 2 percent bonds are denominated in U.S. dollars and mature in December 2013.SEB and Credit Suisse were co-lead managers of the issue, which supports low-carbon development in developing countries. The total amount raised by the World Bank through these bounds now amounts to $800 million.

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