{"id":78776,"date":"2022-07-13T18:24:03","date_gmt":"2022-07-13T16:24:03","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=78776"},"modified":"2022-07-13T18:35:57","modified_gmt":"2022-07-13T16:35:57","slug":"world-bank-launches-4-bn-sustainable-development-bond","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/world-bank-launches-4-bn-sustainable-development-bond\/","title":{"rendered":"World Bank launches $ 4 bn sustainable development bond\u00a0\u00a0"},"content":{"rendered":"

The World Bank<\/a> inaugurated the five-year Sustainable Development Bond at $ 4 billion – that matures in June 2027 – to support the bank\u2019s mission to combat poverty and boost shared prosperity in developing countries.<\/p>\n

The transaction, executed in a period of heightened market volatility, attracted 100 orders totaling more than $ 5.6 billion by appealing to investors seeking high credit quality and a sustainable investment.\u00a0 The globally diverse investors included central banks, bank treasuries and asset managers, among other groups, and also included several first-time investors.<\/p>\n

Citi, Nomura, TD Securities and Wells Fargo are the lead managers. The bonds will be listed on the Luxembourg Stock Exchange, offers a spread versus the reference US Treasury of +15.5 basis points and has a semi-annual yield of 3.137%.<\/p>\n

“<\/em>Multiple, overlapping global shocks are creating deep direct human and economic impacts and creating adverse spillovers in developing countries, threatening to reverse decades of development gains,\u201d\u00a0said\u00a0<\/strong>Jorge Familiar Vice President and Treasurer, World Bank. \u201cWe are thankful for the investors in today\u2019s US dollar benchmark bond, who through their partnership are helping us support a sustainable response to these challenges.\u201d<\/p>\n

\u201cWe congratulate the World Bank for demonstrating market leadership amidst a volatile market backdrop. The 5-year maturity fitted investor demand perfectly and resulted in broad support from the full global reach of the World Bank investor base that recognizes the safe-haven status of the World Bank name. This USD Sustainable Development Bond benchmark is a superb start to the new fiscal year for the World Bank and comes at a critical time for the economies of developing countries. Congratulations to the World Bank treasury team,\u201d\u00a0said\u00a0Laura O’Connor, Managing Director, Fixed Income Origination & Syndication, TD Securities.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank inaugurated the five-year Sustainable Development Bond at $ 4 billion – that matures in June 2027 – to support the bank\u2019s mission to combat poverty and boost shared prosperity in developing countries. The transaction, executed in a period of heightened market volatility, attracted 100 orders totaling more than $ 5.6 billion by […]<\/p>\n","protected":false},"author":410,"featured_media":78779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[],"yoast_head":"\nWorld Bank launches $ 4 bn sustainable development bond\u00a0\u00a0 - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The World Bank inaugurated the five-year Sustainable Development Bond at $ 4 billion to support the bank\u2019s mission to combat poverty and boost shared prosperity in developing countries.\u00a0\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/world-bank-launches-4-bn-sustainable-development-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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