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World Bank USD 50 million 3-year Green Bonds

Washington, DC, March 1, 2012 – Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced the issuance of USD 50 million fixed rate 3-year World Bank Green Bonds. The lead order for this transaction was from New York State Common Retirement Fund.

World Bank Green Bonds support World Bank’s lending to eligible development programs that are designed to address the challenges of climate change in the developing world. Examples of the types of eligible projects include alternative energy installations, new technologies that reduce greenhouse gas emissions, reforestation, watershed management and flood protection.

To date, the World Bank has issued over USD 3 billion equivalent of Green Bonds through 47 transactions in 17 currencies. SEB is the sole underwriter for this transaction.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: USD 50 million
Settlement date: March 1, 2012
Maturity date: June 20, 2015 (extendable* to December 20, 2017)
Coupon: 0.92%
Denomination: USD 5,000
Listing: Luxembourg Stock Exchange
Lead Manager: SEB

*The issuer has the right to extend the maturity date of the note to 12/20/2017.

 

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 187 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The overriding goal is to achieve major, sustainable improvements in standards of living worldwide. It has been issuing bonds in the international capital markets for over 60 years to fund its activities. Information for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).

 

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