World Bank prices an 8-year €3 billion bond to attract investors

Sunbd Desk || Published: 2020-04-17 09:06:17 || Updated: 2020-04-17 09:06:17

Over 80 investors from Europe, Asia and the Americas are attracted by the bond.

The World Bank yesterday priced an eight-year €3 billion benchmark bond aiming to support its member countries’ financing of sustainable projects and programmes.

The objective of this transaction is to raise awareness for the World Bank’s activities in helping its members as they are dealing with the human and economic impact of COVID-19, according to a press release of the organization issued yesterday.

BNP Paribas, Deutsche Bank, JP Morgan and Natixis are the lead managers for the transaction.

Over 80 investors from Europe, Asia and the Americas are attracted by the bond.

Jingdong Hua, vice president and treasurer, World Bank, said, “We appreciate investor interest in this successful transaction. It helps to raise awareness for the World Bank’s sustainable development activities, including those that help reduce the spread and impact of COVID-19.  Projects and programs in member countries build on the existing health portfolio and other ongoing efforts that support their social and economic development.”

The benchmark was an opportunity to provide investors with a liquid World Bank product for their Euro portfolios, and contributes to the World Bank’s diversified funding programme, he added.

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