United States, Sept. 9 -- The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) issued an EUR 90 million 7-year Sustainable Development Bond due September 2032. National Mutual Insurance Federation of Agricultural Cooperatives (Zenkyoren) was the sole investor in the transaction. Proceeds of the bond will be used to support the financing of eligible sustainable development activities designed to achieve positive social and environmental impacts in developing countries in line with the World Bank's mission to end extreme poverty and boost shared prosperity on a livable planet.
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