BANKING AFFAIRS

Detailed explanation-1: -The World Bank launched world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology.

Detailed explanation-2: -World Bank bonds are offered in all major international currencies. The objective is to provide investors with a broad choice of currencies. In some instances, this involves opening new markets for bond issuance, thereby promoting local capital market development.

Detailed explanation-3: -UBS AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges. UBS AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

Detailed explanation-4: -World Bank Green Bonds support projects selected by World Bank environmental and sector specialists that meet specific criteria for development activities that help lower global carbon emissions. World Bank green projects, like all World Bank projects, are designed to reduce poverty and improve local economies.

Detailed explanation-5: -The World Bank offers two basic types of loans: investment loans for goods, work, and services to support economic and social development projects in a broad range of sectors; and adjustment loans to support policy and institutional reforms.