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World Bank Green Bond Factsheet
World Bank Green Bond Newsletter
The Euromoney Environmental Finance 2010
"Investing in Low Carbon"
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In 2008, the World Bank launched the "Strategic Framework for Development and Climate Change" to help stimulate and coordinate public and private sector activity to combat climate change. The World Bank Green Bonds is an example of the kind of innovation the World Bank is trying to encourage within this framework.
Benefits to Investors
World Bank Green Bonds are an opportunity to invest in climate solutions through a high quality credit fixed income product. More
- The triple-A credit quality of the Green Bonds is the same as for any other World Bank bonds.
- Positive environmental returns by supporting World Bank projects addressing mitigation and adaptation solutions for climate change
Total Issuances to Date
Since the inaugural issue in 2008, the World Bank has issued approximately USD 3 billion in Green Bonds through 46 transactions and 17 currencies. More
First Four Issuances
- Inaugural Issue: SEK Denominated Green Bond
First World Bank Green Bonds launched on November 6, 2008, denominated in Swedish Krona (SEK) for a total amount of SEK 2.325 billion. On November 14, 2008, the principal amount was increased by an amount of SEK 375 million, and on February 13, 2009, by a further amount of SEK 150 million. The new total outstanding principal amount is SEK 2.85 billion.
Summary of Terms
| Issuer |
World Bank (International Bank for Reconstruction and Development, IBRD) |
| Rating |
Aaa/AAA |
| Tranches |
Tranche 1 |
Tranche 2 |
Tranche 3 |
Launch Date |
Nov. 6, 2008 |
Nov. 14, 2008 |
Feb. 6, 2009 |
Amount |
SEK 2.325 billion |
SEK 375 million |
SEK 150 million |
Settlement Date |
Nov. 12, 2008 |
Nov. 24, 2008 |
Feb. 13, 2009 |
| Aggregate Amount |
SEK 2.85 billion |
| Maturity Date |
November 12, 2014 |
| Coupon |
3.5% (per annum) |
| Lead Manager |
SEB |
| Syndicate |
Credit Suisse International - senior co-lead manager
Landesbank Baden-Württemberg – co-lead manager |
| Investors |
AP2 (Second Swedish National Pension Fund)
AP3 (Third Swedish National Pension Fund)
Länsförsäkringar Bank & Försäkring
MISTRA
Skandia Life
The United Nations Joint Staff Pension Fund
Others |
More Details
- First USD-Denominated Green Bond
The first USD denominated World Bank Green Bonds were issued on April 24, 2009 and purchased by the State of California Treasury.
Summary of Terms
| Issuer |
World Bank (International Bank for Reconstruction and Development, IBRD) |
| Rating |
Aaa/AAA |
| Total Amount |
US$ 300 million |
| Investor |
State of California Treasurer's Office |
| Settlement Date |
April 24, 2009 |
| Maturity Date |
April 24, 2012 |
| Coupon |
Floating Rate |
| Lead Manager |
SEB |
More Details
- Third World Bank Green Bond
This third green bond transaction brings the total amount raised through World Bank green bonds to an equivalent of almost USD 800 million.
Summary of Terms
| Issuer |
World Bank (International Bank for Reconstruction and Development, IBRD) |
| Rating |
Aaa/AAA |
| Tranches |
Tranche 1 |
Tranche 2 |
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Launch Date |
Dec. 3, 2009 |
Dec. 15, 2009 |
Amount |
USD 130 million |
USD 50 million |
Settlement Date |
Dec. 4, 2009 |
Dec. 22, 2009 |
| Aggregate Amount |
USD 180 million |
| Maturity Date |
December 4, 2013 |
| Issue Price |
100.114% |
| Coupon |
2% per annum |
| Denomination |
USD 1,000 |
| Clearing Systems |
Euroclear, Clearstream, DTC |
| Listing |
Luxembourg |
| Lead Manager |
SEB acting through SEB Enskilda Inc N.Y. |
| Co-lead Manager |
Credit Suisse AG |
More Details
- Fourth World Bank Green Bond
This fourth green bond issuance designed for Japanese Investors it's an innovative way to help combat climate change through a high quality bond investment.
Summary of Terms
| Amount |
NZD 150,000,000 |
| Settlement Date |
February 2, 2010 |
| Maturity Date |
January 29, 2015 |
| Redemption Amount |
100% |
| Coupon |
5.23% S.A. |
| Denomination |
NZD 1,000 |
| Clearing Systems |
Euroclear, Clearstream |
| Lead Manager |
Daiwa Capital Markets Europe Limited |
| ISIN |
XS0479886672 |
Other World Bank Activities in Climate Change
Learn more about how the World Bank and its member countries address climate change as a development challenge. More
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