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World Bank issues EUR 3 bn 10-year sustainable development bond
The World Bank priced a 10-year euro-denominated benchmark bond maturing in January 2035, raising EUR 3 billion.
The transaction attracted over 120 orders totaling over EUR 6 billion, appealing to investors across Europe and in Asia. The bond priced with a final spread to euro mid-swaps of +47 basis points and an equivalent annual yield of 2.975%. This equates to a spread vs. the reference Bund of +46 basis points.
BNP Paribas, Citi, Deutsche Bank, and Natixis are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.
“This EUR 3 billion benchmark caps off a tremendous week welcoming the new year with benchmark transactions across five markets and currencies. The resulting total for the week of nearly USDeq. 12 billion mobilized from the capital markets shows the strength of the World Bank’s position in the markets based on support from global investors seeking high quality, liquid investments to finance sustainable development,” saidJorge Familiar, Vice President and Treasurer, World Bank.
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