The so|bond platform, developed specifically for the issuance of digital bonds, was launched in April by the two banks.

The EIB’s Climate Awareness Bond, which is worth SEK1bn (US$92.7m), is the first to be issued on the platform.

Proceeds will be used for lending to climate-related projects.

The platform’s green credentials are further enhanced by a validation logic that promotes low energy consumption and a rewards system that encourages affiliated banks to improve their carbon footprint.