The World Bank, officially known as the International Bank for Reconstruction and Development (IBRD), has been issuing debt securities in the international capital markets for 60 years. World Bank debt issues are the funding source for development loans and have provided financing for more than 4,000 development projects in over 130 countries through over US$400 billion in lending. World Bank bonds are a suitable choice for investors pursuing socially responsible investment policies.
World Bank debt instruments provide investors with the reassurance of a superior credit rating and a wide choice of products. The in-house financial engineering team offers custom-made debt offerings that aim to satisfy investors' asset and liability management requirements.
The World Bank has been an innovator in the capital markets ever since its initial debt offering in 1947. The World Bank issued the first swap in the international capital markets in 1981 and launched the first global bond in 1989.
In 2000, the World Bank launched the first fully-integrated electronic bond offering via the Internet, and was the first foreign issuer to offer bonds denominated in Mexican Pesos and in Chilean Pesos. In 2002, the World Bank was the first foreign issuer to offer bonds denominated in Brazilian Reais.
Recent Awards
Environmental Finance Awards
- Environmental Finance Awards recognized the Daiwa Securities/World Bank CO2 'Cool' Bond as runner up for the Carbon Finance transaction of 2008.
EuroWeek
- EuroWeek Magazine named the World Bank "1998 Most Innovative New Issuer of the Year" and "Borrower of the Decade 1990-1999".
- The World Bank's Malaysian Ringgit bond issued in May 2005 was awarded as the "Best Malaysian Ringgit Bond" in 2005 by EuroWeek.
- For EuroWeek's 20-year anniversary in 2007, among other recognition, the World Bank received an award as the "Most Innovative Borrower over the Last 20 years".
International Financing Review (IFR)
KangaNews
- The Wold Bank's inaugural New Zealand Dollar Kauri issued in July 2007 was awarded the "Kauri Deal of the Year" in 2007 by KangaNews.
mtn-i
- In 2004, the World Bank was the first foreign issuer to announce bonds denominated in the new Turkish Lira (effective January 1, 2005). This pioneering note in the redenominated Turkish lira was recognized as a "Deal of the Year" by mtn-i.
- The World Bank's Eco-3Plus bond "linked to an environmentally-
focued equity index" issued in September 2007 was awarded
as one of the "Top Ten Landmark Deals of the Year" in 2007 by
mtn-i.
Romanian Brokers Association
- In 2006, the Romanian Brokers Association gave the World Bank a Special Award for the First Listing of an International Financial Institution on the Romanian Capital Market.
Emerging Market Magazine
- In 2003, the World Bank executed the first fully electronic swap auction and Emerging Market Magazine recognized the World Bank for issuance in regional currencies, by awarding Japanese Yen and Hungarian Forint bonds as the "Best Multilateral Deals in a Regional Currency".
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