This class of bonds is increasingly sought after by investors who are looking to invest in instruments with greater environmental and social benefits.
Fund said "OPEC" Central banks and institutions "official" Others represent 62 percent of bond buyers.
Banks accounted for 19 percent, while asset management companies and insurance and pension funds accounted for almost the remainder.
Geographically, the fund said just over half of the buyers were from the regions Europe Middle East and Africa, and 27 percent of Asia Pacific Ocean and 21 percent from North America.
The OPEC Fund for Development was among the Arab Coordination Group, which pledged to provide co-financing with a cumulative amount of $24 billion by 2030 to address the global climate crisis, according to a statement announced by the group last November.
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The bonds have a three-year term, with an interest rate of 4.5 percent, and are also to be classified as “sustainable development” bonds, and their funds will be allocated in favor of food security, health care, infrastructure, education, employment and renewable energy projects.
This class of bonds is increasingly sought after by investors who are looking to invest in instruments with greater environmental and social benefits.
Box saidOPECCentral banks and other “official” institutions account for 62 percent of bond buyers.
Banks accounted for 19 percent, while asset management companies and insurance and pension funds accounted for almost the remainder.
Geographically, the fund said just over half of the buyers were from the regions Europe Middle East and Africa, and 27 percent of Asia Pacific Ocean and 21 percent from North America.
The OPEC Fund for Development was among the Arab Coordination Group, which pledged to provide co-financing with a cumulative amount of $24 billion by 2030 to address the global climate crisis, according to a statement announced by the group last November.
