Linklaters advises the World Bank on the innovative plastic waste reduction-linked bonds

Linklaters has advised the World Bank (International Bank for Reconstruction and Development, IBRD) on the groundbreaking US$100m plastic waste reduction-linked bonds due in January 2031.

This innovative outcome bond links investor returns to Plastic Waste Collection Credits, Plastic Waste Recycling Credits and Verified Carbon Units, expected to be generated by two plastic waste collection and recycling projects in Ghana and Indonesia.

The Linklaters team supporting this transaction was led by Capital Markets Partner Elaine Keats and Managing Associate Sirae Chen.

London Capital Markets Partner Elaine Keats commented:

“The plastic waste reduction-linked bond marks a step towards addressing the global plastic crisis through innovative financial instruments. It is a pleasure to contribute to this transformational deal.”

London Capital Markets Managing Associate Sirae Chen commented:

“We are very pleased to support the World Bank in its pioneering efforts to tackle development challenges and to contribute to the growth of climate and conservation linked debt instruments.”

Linklaters Capital Markets team remains at the forefront of the market advising on the most innovative transactions, particularly in connection with ESG-linked initiatives.

World Bank’s press release can be found here.