The World Bank has launched Eco-3 Plus, a structured product for sale to retail investors. The six-year note pays a variable annual coupon of 3% or higher, depending on the performance of the ABN Amro Eco Index, which comprises companies engaged in alternative energy, clean water, waste processing and carbon reduction. The World Bank also guarantees that the principal is returned to investors when the product matures.
The World Bank will use the proceeds from the note to fund poverty alleviat
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