World Bank launches first '100% green' structured product
BNP Paribas is the arranger for a structured note that adheres to socially responsible investing principles by incorporating a so-called green bond issued by the World Bank and an option linked to the Ethical Europe Equity Index
The World Bank has launched its first environmental structured product, a €50 million, 10-year green bond linked to the Ethical Europe Equity Index. The note was arranged by BNP Paribas and has been bought by the bank's insurance unit, BNP Paribas Cardif.
The product comprises a zero-coupon green bond from the World Bank for the capital protection element and a link to the green index to give upside participation in equities. It is the first sustainable equity index-linked green bond to be
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