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The World Bank Group announced last week it has raised $4 billion through a new seven-year sustainable development bond. The bond was issued by its subsidiary, the International Bank for Reconstruction and Development.
The group said its bond signaled a strong demand, attracting more than $11 billion in investor orders from a diverse pool of investors. There were over 150 investor orders, which were led by banks, treasuries and corporates (43%), followed by central banks and official institutions (30%) and ***** et managers, insurance and pension funds (27%).
The bond will mature in August 2033 and will support the World Bank's goal to "mobilize capital for sustainable development," according to an Aug. 18 press release.
The World Bank Group said the lead managers on the transaction were Bank of America, Morgan Stanley, Nomura and TD Securities.
#group #development
The World Bank Group announced last week it has raised $4 billion through a new seven-year sustainable development bond. The bond was issued by its subsidiary, the International Bank for Reconstruction and Development.
The group said its bond signaled a strong demand, attracting more than $11 billion in investor orders from a diverse pool of investors. There were over 150 investor orders, which were led by banks, treasuries and corporates (43%), followed by central banks and official institutions (30%) and ***** et managers, insurance and pension funds (27%).
The bond will mature in August 2033 and will support the World Bank's goal to "mobilize capital for sustainable development," according to an Aug. 18 press release.
The World Bank Group said the lead managers on the transaction were Bank of America, Morgan Stanley, Nomura and TD Securities.
#group #development
21 days ago
