Legal & General Pledges $1bn to Revive Debt-for-Nature Swaps as U.S. Backing Wanes

Legal & General’s $1 billion commitment positions it to anchor a new generation of debt-for-nature swaps at a time when U.S. political risk backing has receded, potentially reshaping a $6 billion niche market. Britain’s largest asset manager, Legal & General, has committed up to $1 billion over the next five years to become a cornerstone

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