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European Investment Bank issues 1st €500M sustainability awareness bond

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European Investment Bank issues 1st €500M sustainability awareness bond

The European Investment Bank issued its first €500 million sustainability awareness bond, with the aim of raising proceeds for sustainable finance and high-impact projects in sectors beyond climate, starting with the water sector.

The EU-backed institution said it expects to expand the product to other sectors, such as health and education, once detailed reporting frameworks are in place.