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BNY Mellon Supports the Republic of Seychelles with the World’s First Sovereign Blue Bond


BNY Mellon has recently announced its appointment as Trustee, Paying Agent, Common Depository, Registrar, Transfer Agent, and Settlement Agent on the world’s first sovereign blue bond issued by the Republic of Seychelles. A blue bond is a dedicated debt issuance focused on protecting marine resources, on the model of green bonds that fund sustainability initiatives more broadly.

Partially guaranteed by the World Bank, the proceeds of this $15 million transaction will be used to develop sustainable fishing practices in a designated area of the Seychelles. The World Bank expects this blue bond to stimulate interest among public and private investors wanting a bigger role in ensuring the sustainable use of ocean and marine resources*.

“We are thrilled to work in concert with the World Bank and the Republic of Seychelles on such a unique transaction to support ESG aims in East Africa,” said Paul Farrell, Head of Business Development for Corporate Trust in MEA. “We hope that this pioneering blue bond will trigger debt capital market interest in addressing increasing marine challenges around the world. We have the knowledge, experience and infrastructure to support issuers in these deals.”

Sustainable investment is a critical part of BNY Mellon’s strategy and long-term vision. We support clients with the administration of responsible financial instruments such as green and social bonds, insurance-linked securities, and property assessed clean energy bonds, environmental trusts and escrows, as well as helping clients understand the ESG ratings of their investments.


BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of December 31, 2018, BNY Mellon had US$33.1 trillion in assets under custody and/or administration, and US$1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.

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