World Bank to buy €137 million worth of BZ WBK’s green bonds

IFC, a member of the World Bank Group, will invest €137 million in subordinated green bonds issued by Bank Zachodni WBK to help it to finance climate-related projects, IFC said in a statement. This is the first green bond issue by a Polish commercial bank. Poland’s government issued green bonds, as the first nation in the world earlier this year. “With IFC's support, BZ WBK will be able to significantly expand its existing climate portfolio in renewable energy, green buildings and climate-smart equipment, among others,” IFC said.