Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details the issuance of the world's first blue sovereign bond by the Republic of Seychelles, designed to fund sustainable fisheries and marine projects.

• The Republic of Seychelles issued the world's first blue sovereign bond on 29 October 2018, with a total amount issued of USD 15 million.
• Proceeds from the bond are designated for the development of the Seychelles' blue economy, specifically targeting the expansion of marine protected areas, improved governance of priority fisheries, and other sustainable fisheries and marine projects.
• The financial structure of the bond includes a USD 5 million partial guarantee from the World Bank and a USD 5 million concessional loan from the Global Environment Facility (GEF) to help cover interest payments.
• Fisheries represent a critical sector of the Seychelles economy, serving as the second most important industry after tourism, employing 17% of the population and accounting for approximately 95% of the total value of domestic exports.
• The Climate Bonds Initiative included the blue bond in its green bond database because the projects align with the Land Use & Marine Resources sector of the Climate Bonds Taxonomy.

APA

Climate Bonds Initiative (n.d.). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-11%20SC%20Republic%20of%20Seychelles.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. n.d. https://www.climatebonds.net/files/drupal-files/files/2018-11%20SC%20Republic%20of%20Seychelles.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20SC%20Republic%20of%20Seychelles.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendgreen, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20SC%20Republic%20of%20Seychelles.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }