Latham & Watkins lawyers, counsel to World
Bank on the milestone transaction, discuss the creation of this
new asset class and how the model can be adapted by other
|1 Minute read
|The Republic of
Seychelles’ pioneering issuance of blue
bonds offers insights on how other island nations and
coastal states may mobilize funds to support projects to
sustainably develop their blue economies, and features an
innovative guarantee structure that may facilitate credit
support by international financial institutions and
development banks for similar transactions in the future.
Here Latham & Watkins lawyers, who acted as external
counsel for the World Bank on the seminal deal, discuss
how it came together.
On October 9 2018, the Republic of Seychelles launched
the world’s first blue bond, a pioneering
financial instrument designed to support sustainable marine and
fisheries projects on the archipelago and in the waters
comprising its exclusive economic zone.