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Press Releases

October 21, 2014

World Bank issues USD 50 Million Fixed to Floating Rate Callable Green Bond due 2016

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) announced a USD 50 million 2-year fixed to floating rate callable World Bank green bond that was issued in response to demand from the California State Teachers Retirement System (CalSTRS). Barclays was the sole lead manager for this transaction. Read More

September 30, 2014

World Bank Prices an Oversubscribed USD 4 billion 5-Year Global

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a USD 4 billion 5-year global benchmark bond. The transaction was significantly oversubscribed with the order book quickly growing to over USD 5 billion, reflecting investor interest in highest quality borrowers and liquidity. Due to the positive response from investors around the world, the transaction was upsized from the initially targeted amount of USD 2 billion. With this successful global, the World Bank once again showed leadership by providing a product that caters to investors’ “flight-to-quality” demand in the challenging market environment. Read More

September 29, 2014

World Bank Issues a USD 30 million 10-year Callable Step-Up Green Bond

On September 25, 2014 the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), issued a USD 30 million 10-year callable step-up green bond targeted at Morgan Stanley Wealth Management clients. Morgan Stanley was the sole lead manager for this green bond transaction. Read More

September 26, 2014

World Bank Prices NZD 350 million Kauri Bond

Today, the World Bank (International Bank for Reconstruction and Development - IBRD - Aaa/AAA) priced a NZD 350 million 7- year benchmark bond. This is the third NZD Kauri bond issued by the World Bank this year and the first 7-year World Bank Kauri since July 2007. The new issue attracted a surprisingly large number of new Kauri investors. Read More

September 18, 2014

World Bank Issues its Second Equity Index-Linked Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), priced its second equity-index linked green bond this year – this time for a European pension fund. The EUR10 million 12-year structured World Bank Green Bond is linked to the performance of the Ethical Europe Equity Index, an index that selects eligible sustainable companies for inclusion based on analysis by Vigeo and Forum Ethibel. The index is managed by Solactive. This transaction is very similar to the inaugural green equity linked transaction launched earlier this year, for which BNP Paribas was also the sole lead manager. Read More

September 18, 2014

World Bank Issues a 5 million USD Callable Step-Up Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a USD 5 million 10-year callable step-up green bond. This green bond was lead managed by J.P. Morgan (JPM) which has underwritten $565 million in IBRD green bonds to date. Read More

September 17, 2014

California State Treasurer’s Office Buys USD 250 Million World Bank Green Bonds to Boost Global Solutions to Climate Change

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a USD 250 million green bond. The 2-year fixed rate green bond was issued in response to demand from the California State Treasurer’s Office in furtherance of California’s climate change mitigation policies, making this the fourth World Bank Green Bond for this investor. BofA Merrill Lynch is the sole lead manager for this transaction. Read More

September 11, 2014

World Bank issues 1.25 billion Chinese Renminbi Bond

The World Bank (IBRD, Aaa/AAA) priced today a new 1-year offshore Renminbi benchmark transaction raising a total of CNY 1.25 billion (approximately USDeq. 204 million). The size of the transaction was increased from its initial target size on the back of the strong order book primarily driven by central banks. The joint-lead managers are Credit Agricole Corporate and & Investment Bank, HSBC Bank plc. and Société Générale. Read More

September 2, 2014

World Bank Issues 300 million Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today announced that it has issued another bond in the offshore Renminbi market. This is the World Bank's first issuance in that market with a maturity of under one year. Read More

August 20, 2014

The World Bank Issues a 10-Year Step-Up Callable Green Bond for Merrill Lynch Wealth Management Clients

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. Read More

July 31, 2014

World Bank Raises USD 1.75 Billion in a Long 2-Year USD Benchmark

The World Bank (IBRD, Aaa/AAA) priced today a new long 2-year benchmark raising a total of USD 1.75 billion. The size of the transaction was increased from USD 1 billion which was the initial target on the back of the strong order book primarily driven by central banks. The joint-lead managers for this benchmark are Bank of America Merrill Lynch and RBC Capital Markets. Read More

July 23, 2014

World Bank Issues its First Equity Index-Linked Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD), announced that BNP Paribas Cardif  has purchased a Euro 50 million 10-year structured World Bank Green Bond. This bond is linked to the performance of the Ethical Europe Equity Index, an index that selects eligible sustainable companies for inclusion based on analysis by Vigeo and Forum Ethibel. Read More

June 30, 2014

World Bank Issues its First Ever Catastrophe Bond Linked to Natural Hazard Risks in Sixteen Caribbean Countries

Today, the World Bank (International Bank for Reconstruction and Development, IBRD), announced its first ever catastrophe bond ('cat bond'). This three-year USD 30 million transaction is the first of the World Bank’s newly created Capital-at-Risk Notes Program. The bond is linked to earthquake and tropical cyclone risk in sixteen Caribbean countries. Read More

June 18, 2014

World Bank Raises USD 4.25 billion in a Dual-Tranche Transaction that Offers Investors Long 2-Year and 7-Year USD Benchmarks

The World Bank (International Bank for Reconstruction and Development, IBRD) priced today a dual-tranche transaction raising a total of USD 4.25 billion in its final benchmark offering of its 2014 fiscal year. The transaction -- comprised of a long 2-year bond and a 7-year bond -- was significantly over-subscribed with final orders over USD 5 billion. Of the total USD 4.25 billion raised, USD 2.25 billion was allocated to the long 2-year bond and USD 2 billion to the 7 year bond, with the amount upsized from the initial targets. Read More

June 17, 2014

World Bank Returns to Kangaroo Market with New Dual-Tranche Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a dual-tranche Australian dollar (AUD) transaction, offering investors an increase of the World Bank’s benchmark AUD 500 million 3.75% Notes due January 23, 2019, and a new 11-year fixed rate offering. Read More

June 13, 2014

World Bank Prices the Largest NZD Kauri Bond

The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) priced an increase to the 4.625% February 2019 fixed-rate global bond.  This is the World Bank’s largest single tranche global NZD bond and represents also the market’s biggest ever single tranche offering. At an outstanding volume of NZD 1.35 billion, this too represents the largest bond in the Kauri market. Read More

June 13, 2014

World Bank Launches Bond in Indian Rupee

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched an Indian Rupee (INR) 2.5-year fixed rate note. All payments for the INR 2 billion note will be made in United States Dollars (USD). The bonds will be distributed to institutional investors in Asia, Europe, and USA. Read More

June 12, 2014

World Bank Issues 1.5 billion Swedish Kronor Fixed Rate Green Bonds

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a Swedish Kronor (SEK) 1.5 billion 5-year fixed rate green bond. This bond was lead managed by Skandinaviska Enskilda Banken AB (SEB) and sold to a group of eight investors, including AP2 and SEB Asset Management. Read More

June 11, 2014

World Bank Issues its First Bond Linked to Peruvian Soles

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today announced USD 36.42 million Zero Coupon Notes linked to the exchange rate between Peruvian Soles and USD. The bonds mature in 2030. J.P. Morgan Securities plc was the sole lead manager. Read More

May 22, 2014

World Bank Launches 1 Billion 5-year Canadian Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), launched a Canadian Dollar 1 billion 5-year fixed rate global bond. This is the World Bank’s largest Canadian Dollar global bond and the largest single-tranche deal from a supranational issuer in this market. The last Canadian Dollar global bond from the World Bank was issued in October 2013 and was also a 5-year transaction. Read More

May 14, 2014

World Bank and Nomura Announce Sale of new Green Bonds for Japanese investors

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), and Nomura’s global investment bank, finalized the terms of secondary distribution of World Bank Green Bonds for Japanese retail investors. The notes are denominated in Brazilian Real (Issue size: BRL465.5mn) and Turkish Lira (Issue size: TRY335.5mn) and have a 4-year tenor each. Read More

April 16, 2014

World Bank Launches First Kangaroo Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a AUD 300 million 5-year fixed rate Kangaroo green bond, the first of its kind in the Australian domestic market.  World Bank Green Bonds support its lending to eligible development programs that are designed to address the challenges of climate change. This AUD benchmark follows two World Bank benchmark-sized green bonds this year, issued in USD and EUR. Read More

April 15, 2014

Dubai Supreme Council of Energy and World Bank Partner to Design a Funding Strategy for Dubai's Green Investment Program

The Dubai Supreme Council of Energy (DSCE) and the World Bank (officially International Bank for Reconstruction and Development, ‘IBRD’) today signed an advisory services agreement to partner together and design a funding strategy for Dubai’s green investment program. The program will also consider financing through green bond and sukuk products. Read More

April 3, 2014

World Bank Prices an Oversubscribed and Upsized USD 2.25 billion 4-Year USD Global

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today priced a USD 2.25 billion 4-year fixed rate global bond, making this their largest ever offering in this maturity. This is the World Bank’s third USD benchmark size initial offering of 2014, following a USD 4 billion 5-year in January and a USD 5 billion 2-year in February. Read More

March 13, 2014

First World Bank Green Bond Benchmark in Euros

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a EUR 550 million 3-year fixed rate global green bond, its inaugural green benchmark in this currency and its second green bond of the year. World Bank Green Bonds support its lending to eligible development programs that are designed to address the challenges of climate change. Read More

February 20, 2014

World Bank Launches GBP 250 Million Fixed Rate Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a GBP 250 million fixed rate bond. The note matures on December 28, 2016 and has an annual coupon of 1%.
Read More

February 18, 2014

World Bank Prices its Largest NZD Kauri Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a new NZD 550 million 5-year fixed-rate global bond. This is the World Bank’s largest single tranche Kauri bond and this issue brings the World Bank’s outstanding total in Kauri bonds to NZD 3.8 billion. Read More

February 12, 2014

World Bank Issues a Quickly Oversubscribed USD 5 billion 2-Year USD Benchmark

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today priced a USD 5 billion long 2-year fixed rate global bond. This transaction is the World Bank’s second USD benchmark offering of 2014 following a USD 4 billion 5-year transaction in January. Read More

February 12, 2014

World Bank Issues Bond in Turkish Lira

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a Turkish Lira (TRY) bond. The notes will be placed with Asian and European institutional investors via the Royal Bank of Canada Europe Limited as the lead manager. Read More

January 15, 2014

World Bank Adds to Australian Dollar Yield Curve with New 5-year Benchmark

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a new 5-year benchmark Australian dollar transaction. The AUD 500 million 5-year fixed rate notes are due on January 23, 2019 and have a semi-annual coupon of 3.75%, a semi-annual yield of 3.91%, and a reoffer price of 99.28%. Read More

January 14, 2014

World Bank Launches First Floating Rate Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a USD 550 million 18-month floating rate World Bank Green Bond. 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. Read More

January 9, 2014

World Bank Raises USD 4 billion in a 5-yr USD Benchmark

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a USD 4 billion 5-year fixed rate global bond. This transaction is the World Bank’s first USD benchmark offering of 2014. The transaction was increased from the initially targeted USD 3 billion size to USD 4 billion to satisfy investor demand. This upsized and oversubscribed transaction has helped to reopen the market and establish solid fundamentals for issuance expected from other supranationals next week. Read More

November 6, 2013

World Bank Issues a EUR 1 billion Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a 3-year benchmark bond denominated in euro (EUR).  The bond carries an annual coupon of 0.375% and matures on December 15, 2016.  It offers investors a yield of 0.412%, which is equivalent to a spread of 15.6 basis points over the 1.250% German bunds due October 2016. The EUR 1 billion bond proceeds will be used in member countries for development programs that promote sustainable economic growth with the goal of overcoming poverty and improving the standards of living for people worldwide. Read More

October 24, 2013

World Bank Raises USD 6 billion in a Dual-Tranche Transaction that Offers Investors 2-Year and 7-Year USD Benchmarks

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a record setting dual-tranche transaction raising a total of USD 6 billion matching its largest ever funded amount in a single day and the largest Multilateral Development Bank's USD deal since the World Bank’s previous record setter. The transaction -- comprised of 2-year and 7-year tranches -- was significantly over-subscribed with initial orders approaching USD 10 billion, setting another record for the World Bank. Read More

October 21, 2013

World Bank Launches Canadian Dollar 500 Million 5-year Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), launched a Canadian Dollar 500 million 5-year fixed rate global bond. The global bond carries a semi-annual coupon of 2.125% and will mature on October 30, 2018. Read More

September 24, 2013

World Bank Launches GBP 250 Million 4-year Fixed Rate Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a GBP 250 million 4-year fixed rate bond. The note matures on October 2, 2017 and has an annual coupon of 1.25%. This bond was joint-lead managed by Barclays Capital, HSBC and RBC Capital Markets. Read More

September 13, 2013

World Bank Returns to Kangaroo Market with New Dual-Tranche Australian Dollar Benchmark Offering

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a dual-tranche Australian dollar transaction, offering investors a new 5-year Floating Rate Note (FRN) and an increase of the AUD1.00bn 6.00% November 2016 benchmark. The floater is the largest Kangaroo FRN transaction in the primary market by a Sovereign/Supranational/Agency (SSA) issuer and the World Bank’s first floating rate Australian Dollar Benchmark. Read More

August 9, 2013

World Bank Launches USD 550 million Green Bonds

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a USD 550 million 2-year fixed rate World Bank Green Bond. 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. Read More

July 9, 2013

World Bank Issues Bond in Ugandan Shilling

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Ugandan Shilling (UGX) transaction. The UGX 25.9 billion 5-year fixed rate note matures on August 7, 2018 and has an annual coupon of 10.31%. The sole underwriter for the transaction is Barclays Bank Plc. Read More

July 9, 2013

World Bank Launches USD 1 Billion 4-year Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a USD 1 billion 4-year fixed rate bond. The bond carries a semi-annual coupon of 1.125% and will mature on July 18, 2017. The bonds will be distributed to a broad range of institutional investors around the world. Read More

June 26, 2013

World Bank Launches Equity-Linked Uridashi

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced the launch of its first equity linked uridashi bond for the Japanese retail market since 1999, a 5-year Nikkei 225 Index-linked Japanese Yen (JPY) Note. The initial size of the transaction is JPY 500 million and the final size will be determined at the end of the pre-marketing period on July 24, 2013. Read More

June 13, 2013

World Bank Launches Russian Ruble Green Bonds

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Russian Ruble (RUB) 10-year fixed rate World Bank Green Bond. The lead order for this transaction was from "SMBC Nikko World Bank Green Fund" managed by Nikko Asset Management (Nikko AM). Read More

June 13, 2013

World Bank Issues Malaysian Ringgit-linked Fixed Rate Eurobonds

Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Malaysian Ringgit (MYR) linked 2.1% Eurobond for Nikko Asset Management (Nikko AM) through J.P Morgan Securities plc as underwriter. Read More

June 6, 2013

World Bank increases Chinese Renminbi Bond to 2 billion

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today responded to additional investor demand and increased by RMB 300 million the offshore Chinese Renminbi bond first traded on May 31, 2013. The total amount of the 1-year bond is now 2 billion Chinese Renminbi (approximately US$326 million equivalent). Read More

May 31, 2013

World Bank Issues 1.7 billion Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today priced its second benchmark-sized bond in the offshore Remninbi market. This is the largest ever offshore Renminbi bond offering from a supranational issuer to date and marks the second time the World Bank has issued in this fast growing market. Read More

May 14, 2013

World Bank Launches Bond in Malaysian Ringgit

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Malaysian Ringgit (MYR) 150 million 3-year fixed rate bond. The notes are due on May 12, 2016 and have an annual coupon of 1.875%. Read More

April 17, 2013

World Bank Launches Bond in Nigerian Naira

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Nigerian Naira (NGN) 7.892 billion 1-year fixed rate bond. The notes are due mature on April 30, 2014 and have an annual coupon of 9.25%. Read More

March 5, 2013

World Bank Issues Bond in Brazilian Real

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Brazilian Real (BRL) 3-year note fixed rate note (settlement date: March 15, 2013). The notes mature on September 15, 2016, and have an annual coupon of 6%. Read More

February 20, 2013

World Bank Launches Bond in South Korean Won

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a South Korean won (KRW) 108 billion 1.25% fixed rate note lead managed by JP Morgan. The notes will be placed with institutional investors in Europe. Read More

February 8, 2013

World Bank Launches Bond in Chilean Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Chilean Peso (CLP) 50 billion 3-year fixed rate note lead managed by Toronto Dominion Securities. Read More

February 6, 2013

World Bank Raises USD 5 billion in a Dual-Tranche Transaction that Offers Investors 3-Year and 10-Year Global Bonds

The World Bank (IBRD, Aaa/AAA) priced today a dual-tranche transaction, offering investors USD 4.25 billion in 3-year and USD 750 million in 10-year global bonds. This transaction is the World Bank’s first USD benchmark offering in 2013. The joint-lead managers for this global bond are BNP Paribas, Goldman Sachs International, HSBC and J.P. Morgan. Read More

February 5, 2013

World Bank Announces Largest New Zealand Dollar Global Bond to Date

Today, the World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) priced a new NZD 500 million 5-year fixed-rate global bond. This is the largest single tranche Kauri bond by an issuer in the Supranational/Sovereign/Agency (SSA) asset class to be priced to date* and brings the World Bank’s outstanding total to almost NZD 3 billion. Read More

January 15, 2013

World Bank Returns to Kangaroo Market with New 5-Year Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a global Australian Dollar bond, offering investors a new 5-year benchmark. The A$700 million 5-year fixed rate notes mature on January 24 2018, offer a semi-annual coupon of 3.50%, and were priced at 99.727% to yield 3.56% semi-annually. Read More

October 23, 2012

World Bank Surpasses 50th Green Bond Issuance Milestone

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) has issued three new green bonds. These bring the total number of World Bank Green Bonds to 52 transactions in 17 different currencies for a total amount of almost USD 3.5 billion. The three new transactions were distributed to Japanese retail and institutional investors through Daiwa Securities Co. Ltd. as the lead manager. Read More

September 14, 2012

World Bank Green Bonds Designed for Japanese Investors

The World Bank (International Bank for Reconstruction and Development) and Daiwa Securities Group announced today the World Bank’s expected issuance of green bonds which support projects in World Bank member countries that meet specific criteria aimed at reducing greenhouse gas emissions and helping countries adapt to the effects of climate change. World Bank green bonds are an opportunity for investors to support climate solutions through their investment. Read More

August 24, 2012

World Bank Launches Bond in Nigerian Naira

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Nigerian Naira (NGN) 3.25 billion 1-year fixed rate bond. The notes are due on October 30, 2013 and have an annual coupon of 13%. Read More

August 15, 2012

World Bank Launches Bond in Mexican Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new 2-year MXN 1 billion (approx. USD 76 million equivalent) fixed rate bond. The bonds were distributed to retail and institutional investors in Asia, Europe, and USA. Read More

July 31, 2012

World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 400 million 5-year fixed rate global bond. This is the World Bank’s largest Kauri bond issued to date. This transaction marks the return of the World Bank to New Zealand’s domestic market after its February 2012 offering. Read More

June 15, 2012

World Bank renews its participation in the risk transfer program of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for 2012 by transferring portion of CCRIF’s catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$120 million of claims paying capacity on the international reinsurance and capital markets. World Bank inter-mediated a transfer of US$30 million of risk in the top layer of CCRIF’s reinsurance program for 2012-2013. Read More

June 12, 2012

Bank of China (Hong Kong) and World Bank Jointly Announce the Launch of the “BOCHK - World Bank Emerging Markets Bond Fund”

Bank of China (Hong Kong) Limited (“BOCHK”) and the World Bank today announced the launch of the “BOCHK — World Bank Emerging Markets Bond Fund” (the “Fund”). The Fund is the inaugural cooperative venture of this type between BOCHK and the World Bank and will be the first global emerging market currency bond fund in Hong Kong with a China theme. Read More

中国银行(香港)与世界银行携手宣布发行「中银香港-世界银行新兴市场债券基金」

中国银行(香港)有限公司(「中银香港」)与世界银行今天宣布推出「中银香港-世界银行新兴市场债券基金」(「此基金」)。此基金不仅标志著中银香港与世界银行首度携手合作,亦是全港首只以中国为主题的全球新兴市场债券基金。 Read More

May 17, 2012

World Bank First Bond in Ugandan Shilling

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Ugandan Shilling (UGX) transaction. The UGX 36.75 billion 1-year fixed rate note matures on May 30, 2013 and has a coupon of 14.50%. The sole underwriter for the transaction is Barclays Bank Plc. Read More

May 16, 2012

World Bank Launches NOK 1 Billion 5-Year Global Bond

The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on May 29, 2017 and have an annual coupon of 2.125%. The lead manager for the transaction was HSBC Bank plc. Read More

April 20, 2012

World Bank Launches Canadian Dollar 400 million 3-year Global Bond

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA),launched a CAD 400 million 3-year global bond. The bonds were placed with institutional investors via RBC Capital Markets as the sole lead manager. Read More

April 16, 2012

World Bank Launches Callable Fixed Rate Note in USD

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a USD 750 million callable fixed rate note. The bonds were placed with institutional investors via Deutsche Bank and TD Securities as the joint lead managers. Read More

April 3, 2012

World Bank Launches Bond in Indian Rupee

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a 3-year fixed rate note denominated in Indian Rupee (INR). Payments for the INR 2 billion note will be made in USD. Read More

March 1, 2012

World Bank USD 50 million 3-year Green Bonds

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. Read More

February 28, 2012

World Bank Returns to Kangaroo Market with New Dual-Tranche
Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced two new global Australian Dollar bonds, offering investors new 5-year and 10-year benchmarks. This dual-tranche offering marks the return of the World Bank to the Kangaroo market after a period of over one year. Read More

February 23, 2012

World Bank Launches NOK 1 Billion 5-year Global Bond

The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on March 2, 2017 and have an annual coupon of 2.375%. Read More

February 8, 2012

World Bank Increases Kauri Global Bond due in August 2016

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced an increase to its existing NZD 300 million 5-year global bond due August 2016. The bonds were distributed to a broad range of institutional investors in New Zealand, Asia, and Europe. Read More

February 7, 2012

World Bank Launches GBP 800 million Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a GBP 800 million global bond. This global bond was joint-lead managed by Barclays Capital, Deutsche Bank and RBC Capital Markets. Read More

February 1, 2012

World Bank Launches USD 5 Billion 5-year Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a USD 5 billion global bond. This transaction is the World Bank’s first USD benchmark offering in 2012. Read More

December 15, 2011

World Bank Launches USD 400 Million Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has issued USD 400 million 2-year World Bank Green Bonds. The bonds were issued to respond to demand from the California State Treasury. SEB is the sole lead manager for this transaction. Read More

December 15, 2011

World Bank Commemorates 40 Years of Issuing Bonds in Japan

The World Bank honored Japan’s journey from being a recipient of World Bank funding to a major investor and development partner by commemorating this year’s 40th anniversary of its first bond issued in the Japanese capital markets, in the lead up to the IMF/World Bank annual meetings to be held in Tokyo next year. Read More

October 19, 2011

World Bank Launches USD 4 Billion 2-year Fixed Rate Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a USD 4 billion fixed rate global bond. This transaction represents the first 2-year USD benchmark from any supranational borrower in 2011. The transaction was joint-lead managed by BNP Paribas, Citigroup, Daiwa Capital Markets and RBC Capital Markets. Read More

August 16, 2011

World Bank Launches USD 3.25 Billion 5-year Fixed Rate Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a USD 3.25 billion fixed rate global bond. This transaction represents the first USD benchmark in the Bank’s new financial year which started on July 1, 2011. Read More

August 3, 2011

World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 300 million 5-year fixed rate global bond. This transaction marks the return of the World Bank to New Zealand’s domestic market after its July 2010 offering. Read More

July 28, 2011

World Bank Launches Bond in Chilean Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), issued a Chilean Peso (CLP) 30 billion 2-year fixed rate note lead managed by JP Morgan for North American institutional investors. Read More

July 13, 2011

World Bank Announces its First Fed Fund Floating Rate

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Fed Fund floating rate USD 1 billion 1-year note. This transaction is the World Bank’s first Fed Fund floating rate note. Read More

July 13, 2011

World Bank Euro 20 million 5-year Green Bonds

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued Euro 20 million 5-year World Bank Green Bonds. The lead order for this transaction was from FMO, the international development bank of the Netherlands. SEB is the sole underwriter for this transaction. Read More

June 23, 2011

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2011: World Bank transfers portion of catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$125.0 million of claims paying capacity on the international reinsurance and capital markets. Read More

June 8, 2011

The World Bank and Bank of America Merrill Lynch Announce World Bank Green Bonds for Merrill Lynch Wealth Management Investors

Today, Bank of America Merrill Lynch and the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a plan to offer World Bank Green Bonds to Merrill Lynch Wealth Management investors on a periodic basis. Bank of America Merrill Lynch will arrange and offer the bonds to clients through the Merrill Lynch Global Wealth Management platform. Read More

June 2, 2011

World Bank Issues First Bond in Thai Baht

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Thai Baht (THB) 1.25 billion 3-year fixed rate note in the Thai domestic bond market. This transaction is the World Bank’s first issue in THB. The sole lead manager for the issue is HSBC. Read More

May 18, 2011

World Bank auctions 200,000 Adaptation Fund CERs on BlueNext

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), as Trustee for the Adaptation Fund, completed an auction of 200,000 tons of certified emission reductions (CERs) today at a price per ton of EUR 12.52. The auction, the first on behalf of the Adaptation Fund, was held on BlueNext Exchange’s platform. Read More

April 18, 2011

World Bank Issues Bond in Brazilian Real

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Brazilian Real (BRL) 100 billion 3-year fixed rate note (settlement date: April 28, 2011). The notes mature on April 28, 2014 and have an annual coupon of 9%. Read More

April 12, 2011

World Bank Issues Bond in Zambian Kwacha

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Zambian Kwacha (ZMK) 100 billion 3-year fixed rate note (settlement date: April 20, 2011). The notes mature on April 11, 2014 and have an annual coupon of 8.50%. The sole underwriter for the transaction is J. P. Morgan Securities Ltd.  Read More

April 5, 2011

World Bank Issues Callable Step-up Note in USD

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a USD 50 million Callable Step-up fixed rate note (settlement date: April 29, 2011). Read More

March 29, 2011

World Bank Launches 1 billion Norwegian Krone Global Benchmark Bond

Today, the World Bank (the International Bank for Reconstruction and Development, rated Aaa/AAA) launched a 3-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on April 14, 2014 and have an annual coupon of 3.25%.  Read More

January 19, 2011

World Bank Launches USD 5 Billion 5-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 5 billion global fixed rate note, its first USD benchmark in 2011. This global bond was joint-lead managed by BofA Merrill Lynch, Goldman Sachs International, Morgan Stanley, and RBC Capital Markets.  Read More

January 18, 2011

World Bank Returns to Kangaroo Market with Increases to its October 2014 and October 2020 Benchmarks

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced increases to both its existing Australian dollar benchmark bonds due October 21, 2014 and October 1, 2020. Read More

January 13, 2011

World Bank Launches Bond in Nigerian Naira

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today launched a Nigerian Naira (NGN) 4.6 billion 1-year fixed rate note. The notes are due on January 31, 2012 and have an annual coupon of 9.75%. Read More

January 11, 2011

World Bank Launches GBP 300 Million 5-year Floating Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a GBP 300 million global floating rate note. This global bond was joint-lead managed by HSBC and RBC Capital Markets. This is the first floating rate note issue denominated in GBP, issued by the World Bank. Read More

January 4, 2011

World Bank issues first Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued today its first bond denominated in Chinese Renminbi (RMB). The RMB500 million (c.US$eq 76 million) 2-year fixed rate note due on January 14, 2013, offers investors a semi-annual coupon of 0.95%. Read More

December 8, 2010

World Bank's First Zambian Kwacha Bond

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Zambian Kwacha (ZMK) 235,500 million 3-year fixed rate note. The notes are due on December 6, 2013 and have an annual coupon of 6.75%. Read More

November 16 , 2010

World Bank Launches Australian Dollar Green Bonds for a Japanese Regional Bank

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued World Bank Green Bonds denominated in Australian Dollars for a single Japanese institutional investor, San-in Godo Bank, Ltd., on of the largest local banks in the San-in region of western Honshu. Read More

October 28, 2010

World Bank Launches GBP 600 Million 3-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a GBP 600 million global fixed rate note. This global bond was joint-lead managed by Deutsche Bank, RBC Capital Markets and The Royal Bank of Scotland. Read More

October 27, 2010

World Bank Launches 1 billion Swedish Kronor-Linked Eurobond

Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Swedish Kronor (SEK) 1 billion 2.25% Notes. The notes will be placed with institutional investors in Asia, Europe, and North America via JP Morgan as the underwriter. Read More

October 8, 2010

Wells Fargo Securities and the World Bank Announce Program to Expand Investment Opportunities for U.S. Retail Investors

Wells Fargo Securities, part of Wells Fargo & Company, and the World Bank Treasury today announced a program designed to provide new investment opportunities in World Bank notes for U.S. retail investors. Read More

September 21, 2010

World Bank Extends Australian Dollar Yield Curve with New 10-year Benchmark

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a new 10-year benchmark Australian dollar transaction. Read More

September 1, 2010

First World Bank Green Bonds Designed for a Single Japanese Institutional Investor

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued the first World Bank Green Bond designed for a single Japanese institutional investor, Iyo Bank Co., Ltd., one of the largest regional banks in Japan. The proceeds of green bonds support World Bank-funded projects aimed at tackling the causes and consequences of climate change in the developing world. Read More

August 18 , 2010

World Bank Issues USD 2 Billion 1.125% Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a 4-year USD 2 billion 1.125% global bond due August 25, 2014. The transaction was well received by the market and investor demand came from mostly Asian, European, Middle Eastern and African investors. Read More

July 2, 2010

World Bank Green Bonds for Swiss Investors

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and Clariden Leu AG have teamed up to bring World Bank Green Bonds to retail and institutional investors in Switzerland. This transaction gives investors in Switzerland the opportunity to support World Bank’s lending to development programs which specifically tackle climate change, while investing in the securities of an issuer with the highest credit ratings from Moody's and Standard and Poor's. Read More

June 25, 2010

World Bank Issues Malaysian Ringgit-linked Fixed Rate Eurobonds

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Malaysian Ringgit (MYR) linked 1.75% Eurobonds for its European and Japanese institutional investor base via TD Securities as the underwriter. Read More

June 23, 2010

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2010: World Bank transfers portion of catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$111.0 million of claims paying capacity on the international reinsurance and capital markets. The CCRIF was set up to ensure that the governments of its 16 members will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

June 9, 2010

World Bank Issues 750 million 10-year Norwegian Krone Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 10-year Norwegian Krone (NOK) global bond. This is the second NOK denominated global bond that the World Bank has issued this year. The transaction was well received by the market, investor demand came mostly from Asian and European investors. Read More

June 8, 2010

First World Bank Green Bonds Issued for Online Distribution in Japan

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and SBI Securities Co., Ltd. announced the completion of two World Bank green bond transactions sold online to Japanese retail investors. These 5-year bonds are denominated in South African rand (ZAR) and Mexican pesos (MXN) and mark the first World Bank green bonds to be sold exclusively online, and through SBI Securities. Read More

May 18, 2010

World Bank Launches USD 4.5 billion 5-year Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 4.5 billion 5-year global fixed rate bond, its second USD benchmark in 2010. In a market characterized by volatility and credit concerns, investors welcomed the opportunity to place money in bonds from a highly creditworthy issuer. Read More

April 20, 2010

World Bank Issues 2.5 billion 5-year Norwegian Krone Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 5-year Norwegian Krone (NOK) global bond. The transaction was well received by the market, with over 20 investors participating in the final order book. Read More

April 20, 2010

World Bank USD 3.5 Billion 3-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a USD 3.5 billion global fixed rate note, its first USD benchmark in 2010. This global bond was joint-lead managed by Deutsche Bank, J.P. Morgan, Morgan Stanley and The Royal Bank of Scotland. Read More

April 14, 2010

World Bank Returns to Kangaroo Market with Increases to its November 2016 and December 2019 Benchmarks

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced increases to both its existing Australian dollar benchmark bonds due November 9, 2016 and October 21, 2019. These transactions mark the return of the World Bank to this market after it issued its successful A$1.5 billion 5.75% benchmark due February 17, 2015 earlier this year. Read More

February 24, 2010

World Bank Launches 30 billion Chilean Peso-Linked Eurobond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Chilean peso (CLP) 30 billion 2.50% CLP/USD FX Linked Eurobonds. The notes will be placed with European investors via JP Morgan as the sole lead manager. Read More

February 23, 2010

World Bank Announces Ten New Green Bonds Denominated in Ten Different Currencies

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announces the final terms for ten new green bonds that are being issued primarily for the launch of new World Bank green bond funds managed by Nikko Asset Management (Nikko AM), aimed at investors primarily in Japan and Europe. World Bank green bonds are an opportunity to invest in climate solutions through a triple-A security that supports World Bank-financed climate change mitigation and adaptation projects. Read More

February 22, 2010

Investments in World Bank Green Bonds Surpass USD 1 billion

The latest issue of World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) green bonds has pushed the total amount of such financing to more than USD 1 billion, reflecting continuing strong investor interest in this unique investment opportunity. World Bank green bonds support projects in the World Bank's member countries that meet specific criteria for low carbon development. They are a rare opportunity for institutional investors to support climate change solutions within their high-grade fixed income investment mandates. Read More

February 12, 2010

World Bank Launches 270 billion South Korean Won-Linked Eurobond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a South Korean won (KRW) 270 billion 2.30% KRW/USD FX Linked Notes. The notes will be placed with institutional investors in Europe via JP Morgan as the sole lead manager. Read More

February 4, 2010

World Bank Returns to Kangaroo Market with New Australian Dollar Benchmark Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA)today priced a 5-year benchmark Kangaroo transaction. This transaction marks the return of the World Bank to this market after last October’s highly successful dual-tranche offering. The A$1.5 billion 5-year fixed rate notes are due on 17 February 2015 and have a semi-annual coupon and yield of 5.75% and a reoffer price of 100%. This equates to a spread of 69 basis points over the ACGB 6.25% due 15 April 2015. Read More

January 18, 2010

First World Bank Green Bonds Designed for Japanese Investors

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and Daiwa Securities Group announced today final terms for the World Bank’s inaugural issuance of green bonds designed specifically for investors in Japan. World Bank green bonds support projects in the World Bank’s member countries that meet specific criteria for low-carbon development, and are an opportunity for investors to support climate solutions through their investment. The World Bank raised NZD 150 million (approximately USD 110.7 million equivalent) through these 5-year bonds. Read More

December 3, 2009

Third World Bank Green Bond Issue Raises USD 130 Million from Institutional Investors

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced today that its third green bond issue successfully raised USD 130 million. World Bank green bonds support projects in client countries that meet specific criteria for low-carbon development. These bonds are an example of public and private-sector efforts to raise funds for projects seeking to mitigate the rise in greenhouse gas emissions or help people in developing countries affected by climate change. Read More

October 19, 2009

World Bank Launches Eurobond Linked to Euro/Bulgarian Lev Exchange Rate

Today, the World Bank (the International Bank for Reconstruction and Development, rated Aaa/AAA), launched a 2 year EUR / BGN currency linked note. The notes will be placed with US and European investors via JP Morgan as the sole lead manager. Read More

October 16, 2009

World Bank Launches “MULTICAT PROGRAM”

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced today the launch of the MultiCat Program — a catastrophe bond issuance platform that gives governments and other public entities access to international capital markets to insure themselves against the risk of natural disasters. This is the first time a platform has been designed specifically to help governments from developing countries access affordable insurance coverage through the capital markets. Read More

October 7, 2009

World Bank Issues First Multi-Tenor AUD Benchmark Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a dual tranche (5 and 10-year) benchmark Kangaroo transaction. This transaction marks the return of the World Bank to the Kangaroo market after a 3-year absence and is the market’s first ever dual-tenor offering. Read More

September 24, 2009

World Bank Launches Bond in Russian Rubles

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Russian Ruble (RUB) 2.5-year note. The notes will be placed with US and European investors via JP Morgan as the sole lead manager. Read More
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September 16, 2009

World Bank Issues Colombian Peso-Linked Eurobond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Colombian Peso (COP) 7% FX-linked eurobond for its European and Japanese institutional investor base via J.P. Morgan Securities as the underwriter. Read More

August 19, 2009

World Bank Launches Bond in Australian Dollars

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched an AUD 100 million note due August 27, 2014 for sale in the Japanese market. JP Morgan is the sole lead manager for this transaction. Read More

August 10, 2009

World Bank Launches Bond in Brazilian Real

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Brazilian Real (BRL) 3-year note. The notes will be placed with Japanese investors via JP Morgan as the sole lead manager. Read More

August 3, 2009

World Bank Launches Bond in New Turkish Lira

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a New Turkish Lira (TRY) 50 million note due August 14, 2012 for Japanese and European institutional investors. RBC Capital Markets is the sole lead manager for this transaction. Read More

July 31, 2009

World Bank Launches Bond in Polish Zloty

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Polish Zloty (PLN) 125 million note due July 31, 2012 for Japanese investors. RBC Capital Markets is the sole lead manager for this transaction. Read More

July 10, 2009

World Bank Issues Third New Zealand Dollar-Denominated Kauri Global Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced the transaction on July 9, 2009. The bond is the Kauri market’s largest new issue this year, and its timing was aimed at offering a new investment opportunity to an upcoming wave of New Zealand dollar redemptions in the Euro-Kiwi, Uridashi and domestic market. Read More

June 15, 2009

World Bank Completes Second Sale of CERs for the Adaptation Fund

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) as Trustee for the Adaptation Fund sold certified emission reductions (CERs) during the second week of June, 2009. This was the second set of transactions carried out as part of the World Bank’s program to monetize CERs for the Adaptation Fund. Read More

June 12, 2009

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2009

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$132.5 million of claims paying capacity on the international reinsurance and capital markets. The CCRIF was set up to ensure that the governments of its 16 members will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

May 27, 2009

Adaptation Fund Completes Inaugural Sales of CERs

Created under the United Nations Framework Convention on Climate Change (UNFCCC), the Adaptation Fund is designed to finance concrete climate change adaptation projects and programs based on the needs, views and priorities of developing country signatories to the Kyoto Protocol. The World Bank (International Bank for Reconstruction and Development) serves as trustee for the Adaptation Fund, and the World Bank Treasury conducts CER sales for the Fund. The Fund’s primary funding comes from a two percent share of proceeds of all CERs issued under the Clean Development Mechanism. Read More

May 11, 2009

World Bank Issues its Inaugural 10 year Euro-denominated Benchmark Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) has sold its first 10-year benchmark bond denominated in euro (EUR). The EUR 3 billion bond represents a further expansion of the capital markets product line with which the World Bank raises funding to meet the financing needs of its sovereign member clients. Read More

April 24, 2009

State of California Buys USD 300 Million World Bank Green Bonds to Boost Global Solutions to Climate Change

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and California State Treasurer Bill Lockyer announced today that the State has purchased USD 300 million of World Bank green bonds in furtherance of California’s climate change mitigation policies. This is the World Bank's second issue of green bonds and the first denominated in U.S. dollars. SEB, the lead manager for the World Bank's inaugural green bonds in Swedish kronor, is the sole lead manager for this transaction as well. The World Bank will credit the proceeds of this 3-year floating rate note issue to a special account funding loan disbursements to qualifying "green" projects in its member countries. Read More

April 6, 2009

World Bank Launches Bond in Swiss Francs

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a CHF 425 million 10-year maturity bond issue denominated in Swiss francs (CHF). This transaction was joint lead-managed by Credit Suisse and UBS Investment Bank and marks the return of the issuer to the CHF market after an absence of more than 11 years. Read More

March 26, 2009

USD 6 Billion 3-year World Bank Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 6 billion global fixed rate note, its second USD benchmark in 2009. This global bond was joint-lead managed by Citi, HSBC, J.P. Morgan and Royal Bank of Scotland. It is the largest bond issue ever launched by the World Bank. Read More

March 5, 2009

USD 3 Billion 2-year World Bank Floating Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) priced today a USD3 billion global floating rate note, its first USD benchmark in 2009, and the first 2-year floating rate note the World Bank has issued in the global-bond format it designed and first launched in 1989. This inaugural 2-year floating rate note was joint-lead managed by Citibank, HSBC, Morgan Stanley and Royal Bank of Scotland. Read More

November 14, 2008

World Bank "Green Bonds" Increased to SEK 2.7 Billion

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) today announced an increase of its inaugural green bonds to respond to additional investor demand. The United Nations Joint Staff Pension Fund joins other key investors in support of the green bonds, including Länsförsäkringar, Skandia, AP3 (Third Swedish National Pension Fund), AP2 (Second Swedish National Pension Fund). Read More

November 6, 2008

World Bank and SEB partner with Scandinavian Institutional Investors to Finance "Green" Projects

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) today announced a partnership with SEB and several key Scandinavian institutional investors to introduce a “World Bank green bond” to raise funds for projects seeking to mitigate climate change or help affected people adapt to it. Read More

October 3, 2008

World Bank Launches Bond in Romanian Leu

Today, The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Romanian Leu (RON) 150 million 2-year fixed rate note for institutional investors in Europe. The transaction was joint lead managed by ABN AMRO and TD Securities. The issue marks the World Bank’s return to the RON market, after having been the first foreign bond issuer in the domestic Romanian market in 2006. Read More

October 1, 2008

USD 1.5 billion 5-year World Bank Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA), launched today a USD 1.5 billion global bond issue, its first USD benchmark since March 2006. Read More

September 12, 2008

World Bank Launches its second CER-Linked Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) today launched its second certified emission reduction (“CER”) linked bond. Mitsubishi UFJ Securities International PLC is the lead manager for the issue that is being offered to sophisticated investors in Japan. Read More

August 6, 2008

World Bank Launches Bond in South African Rand

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a South African Rand (ZAR) 150 million note due August 13, 2010 for Japanese retail investors. Sole lead manager is TD Securities. Read More

July 21, 2008

World Bank Launches Bond in Brazilian Real

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Brazilian Real (BRL) 2-year note for institutional investors. JP Morgan is the sole lead manager for this transaction. Read More

July 7, 2008

World Bank Launches Bond in Turkish Lira

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a 100 million Turkish Lira (TRY) 2-year fixed rate note, to respond to demand primarily from Japanese and European institutional investors. The transaction was lead managed by TD Securities, co-lead managed by ABN Amro and J. P. Morgan Chase and co-managed by HSBC and RBC Capital Markets. Read More

June 26, 2008

World Bank Launches Bond in Mexico Peso

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a 500 million Mexican Peso (MXN) 3-year fixed rate note, to respond to demand primarily from Japanese and European institutional investors. The transaction was sole lead managed by TD Securities. Read More

June 18, 2008

World Bank Launches Bond in Russian Ruble

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Russian Ruble (RUB) 600 million 6-year fixed rate note. The transaction was lead managed by Deutsche Bank, and co-lead managed by Banca Profilo, KBC International Group, RBCCM, and UBS. The notes will be placed with retail and institutional investors in Luxembourg. Read More

June 18, 2008

World Bank Partners with Westpac for Sustainable Investing

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), has teamed up with Westpac to design an investment product for retail and other investors in New Zealand interested in a triple-A rated sustainable investment product. Read More

June 9, 2008

Caribbean: Participants Renew Catastrophe Risk Insurance Facility for 2008 Hurricane Season

The 16 members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their 2008 policies, ensuring that their governments will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

June 9, 2008

Daiwa Securities Group offers the first CER-Linked Uridashi Bond Created in Collaboration with the World Bank

Daiwa Securities Group and the World Bank announced that they have launched the market’s first Certified Emission Reduction (CER*) Linked Uridashi Bond. The issuer for the bonds is the World Bank (International Bank for Reconstruction and Development - IBRD, rated Aaa/AAA). The USD denominated bond offers investors 100% principal protection in USD. It will have a fixed rate coupon for an initial period, and then a coupon linked to the future performance of CER market prices and the actual versus estimated delivery of CERs that will be generated by a hydropower plant located in the Guizhou Province in China. Read More

June 4, 2008

World Bank Launches Bond in Brazilian Real

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Brazilian Real (BRL) 3-year note. The notes will be placed with European investors via TD Securities as the sole lead manager. All payments will be made in US Dollars (USD), as more fully described in the terms of the notes. Read More

May 28, 2008

Uruguay: First Bond Transaction To Provide World Bank Financing in Local Currency

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) today became the first foreign issuer to launch a public bond in Uruguayan Pesos. The World Bank will pass the proceeds on to the Uruguayan Government. This is the first time the World Bank is providing local currency financing to a member country by directly funding in that country’s own currency. Read More

Uruguay: Primera Emisión Publica Permite Entregar Financiamiento Del Banco Mundial En Moneda Local

El Banco Mundial (Banco Internacional de Reconstrucción y Fomento, BIRF, AAA/Aaa) se convirtió hoy en el primer organismo internacional en lanzar una emisión pública en pesos uruguayos, cuyos fondos transferirá al Gobierno de Uruguay. Se trata de la primera vez que el Banco Mundial otorga financiamiento en moneda local a un país miembro mediante la colocación directa de un bono en la moneda del país. Read More

May 19, 2008

World Bank Launches Bond in Icelandic Krona

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched an 8 billion bond denominated in Icelandic Krona. The 2-year World Bank ISK 8 billion bonds are being offered in response to demand from North American institutional investors. Read More

May 8, 2008

World Bank Launches Bond in Russian Ruble

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), issued a Russian Ruble (RUB) 3-year note. The notes will be placed with retail and institutional investors in Luxembourg, Switzerland, Germany, as well as Italian asset managers. TD Securities is the sole lead manager of the transaction, JP Morgan is the co-lead manager, and Deutsche Bank and UBS are co-managers. Read More

May 7, 2008

World Bank Issues USD 50 Million Equity Linked Bonds

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a USD 50 million principal protected zero coupon note due 2018. The principal payment is linked to the performance of a basket of 3 equity indices. The bonds were issued in response to demand from Latin American pension funds. The transaction was lead managed by Société Générale. Read More

April 29, 2008

World Bank Launches Bond in South African Rand

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a 500 million South African Rand (ZAR) due November 10, 2011 for European retail investors. The ZAR 500 million bond is a syndicated transaction lead managed by Deutsche Bank. The co-lead managers are JP Morgan, KBC, RBC, and UBS. Read More

March 26, 2008

World Bank Launches Bond in Polish Zloty

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) today reopened a Polish Zloty (PLN) Eurobond lead managed by TD Securities for Japanese and European retail investors, bringing the total size of the issue to PLN 100 million. The reopening added an additional PLN 50 million to the issue, at an issue price of 100.85%, with settlement on April 3, 2008. The original issue settled on March 10, 2008. Read More

February 15, 2008

World Bank Issues Eco 3Plus Note through Fortis Retail Bank

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), has issued its third World Bank Eco 3Plus note. This 6-year Euro 27.5 million note was offered through Fortis Retail Bank in collaboration with ABN AMRO Markets for investors in Belgium and Luxembourg. Read More

January 17, 2008

World Bank Launches Bond in South African Rand

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), has launched a 500 million South African Rand (ZAR) due July 29, 2009 for European retail and institutional investors. The ZAR 500 million bond is a syndicated transaction lead managed by ABN Amro. The co-lead managers are Danske Bank, DZ Bank, and UBS. Read More

January 17, 2008

World Bank Launches Bond in Turkish Lira

Today, The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via TD Securities as the lead manager. Read More

January 15, 2008

World Bank Re-enters the Sterling Market

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), issued its first benchmark bond denominated in Sterling (“GBP”) in seven years in response to particularly high levels of demand for the currency from the central bank community. The GBP 350 million bond was lead-managed by Royal Bank of Scotland and UBS Investment Bank. Co-Lead managers were ABN AMRO, Barclays Capital, Dresdner Kleinwort, HSBC, RBC and TD Securities. Read More

January 10, 2008

World Bank Launches Bond in Brazilian Real

Today, The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa), launched a Brazilian Real (BRL) 2-year note for institutional European investors. TD Securities is the sole lead manager for this transaction. All payments will be made in US Dollars (USD), as more fully described in the terms of the notes. Read More

October 21, 2014

World Bank issues USD 50 Million Fixed to Floating Rate Callable Green Bond due 2016

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) announced a USD 50 million 2-year fixed to floating rate callable World Bank green bond that was issued in response to demand from the California State Teachers Retirement System (CalSTRS). Barclays was the sole lead manager for this transaction. Read More

September 30, 2014

World Bank Prices an Oversubscribed USD 4 billion 5-Year Global

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a USD 4 billion 5-year global benchmark bond. The transaction was significantly oversubscribed with the order book quickly growing to over USD 5 billion, reflecting investor interest in highest quality borrowers and liquidity. Due to the positive response from investors around the world, the transaction was upsized from the initially targeted amount of USD 2 billion. With this successful global, the World Bank once again showed leadership by providing a product that caters to investors’ “flight-to-quality” demand in the challenging market environment. Read More

September 29, 2014

World Bank Issues a USD 30 million 10-year Callable Step-Up Green Bond

On September 25, 2014 the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), issued a USD 30 million 10-year callable step-up green bond targeted at Morgan Stanley Wealth Management clients. Morgan Stanley was the sole lead manager for this green bond transaction. Read More

September 26, 2014

World Bank Prices NZD 350 million Kauri Bond

Today, the World Bank (International Bank for Reconstruction and Development - IBRD
- Aaa/AAA) priced a NZD 350 million 7- year benchmark bond. This is the third NZD Kauri bond issued by the World Bank this year and the first 7-year World Bank Kauri since July 2007. The new issue attracted a surprisingly large number of new Kauri investors. Read More


September 18, 2014

World Bank Issues a 5 million USD Callable Step-Up Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a USD 5 million 10-year callable step-up green bond. This green bond was lead managed by J.P. Morgan (JPM) which has underwritten $565 million in IBRD green bonds to date. Read More

September 17, 2014

California State Treasurer’s Office Buys USD 250 Million World Bank Green Bonds to Boost Global Solutions to Climate Change

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a USD 250 million green bond. The 2-year fixed rate green bond was issued in response to demand from the California State Treasurer’s Office in furtherance of California’s climate change mitigation policies, making this the fourth World Bank Green Bond for this investor. BofA Merrill Lynch is the sole lead manager for this transaction. Read More

September 11, 2014

World Bank issues 1.25 billion Chinese Renminbi Bond

The World Bank (IBRD, Aaa/AAA) priced today a new 1-year offshore Renminbi benchmark transaction raising a total of CNY 1.25 billion (approximately USDeq. 204 million). The size of the transaction was increased from its initial target size on the back of the strong order book primarily driven by central banks. The joint-lead managers are Credit Agricole Corporate and & Investment Bank, HSBC Bank plc. and Société Générale. Read More

September 2, 2014

World Bank Issues 300 million Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today announced that it has issued another bond in the offshore Renminbi market. This is the World Bank's first issuance in that market with a maturity of under one year. Read More


August 20, 2014

The World Bank Issues a 10-Year Step-Up Callable Green Bond for Merrill Lynch Wealth Management Clients

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. Read More

July 31, 2014

World Bank Raises USD 1.75 Billion in a Long 2-Year USD Benchmark

The World Bank (IBRD, Aaa/AAA) priced today a new long 2-year benchmark raising a total of USD 1.75 billion. The size of the transaction was increased from USD 1 billion which was the initial target on the back of the strong order book primarily driven by central banks. The joint-lead managers for this benchmark are Bank of America Merrill Lynch and RBC Capital Markets. Read More

July 23, 2014

World Bank Issues its First Equity Index-Linked Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD), announced that BNP Paribas Cardif  has purchased a Euro 50 million 10-year structured World Bank Green Bond. This bond is linked to the performance of the Ethical Europe Equity Index, an index that selects eligible sustainable companies for inclusion based on analysis by Vigeo and Forum Ethibel. Read More


June 30, 2014

World Bank Issues its First Ever Catastrophe Bond Linked to Natural Hazard Risks in Sixteen Caribbean Countries

Today the World Bank (International Bank for Reconstruction and Development, IBRD) announced its first ever catastrophe bond ('cat bond'). This three-year USD 30 million transaction is the first of the World Bank’s newly created Capital-at-Risk Notes Program. The bond is linked to earthquake and tropical cyclone risk in sixteen Caribbean countries. Read More

 

June 18, 2014

World Bank Raises USD 4.25 billion in a Dual-Tranche Transaction that Offers Investors Long 2-Year and 7-Year USD Benchmarks

The World Bank (IBRD, Aaa/AAA) priced today a dual-tranche transaction raising a total of USD 4.25 billion in its final benchmark offering of its 2014 fiscal year. The transaction -- comprised of a long 2-year bond and a 7-year bond -- was significantly over-subscribed with final orders over USD 5 billion. Of the total USD 4.25 billion raised, USD 2.25 billion was allocated to the long 2-year bond and USD 2 billion to the 7 year bond, with the amount upsized from the initial targets. Read More

June 17, 2014

World Bank Returns to Kangaroo Market with New Dual-Tranche Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a dual-tranche Australian dollar (AUD) transaction, offering investors an increase of the World Bank’s benchmark AUD 500 million 3.75% Notes due January 23, 2019, and a new 11-year fixed rate offering. Read More


June 13, 2014

World Bank Prices the Largest NZD Kauri Bond

The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) priced an increase to the 4.625% February 2019 fixed-rate global bond.  This is the World Bank’s largest single tranche global NZD bond and represents also the market’s biggest ever single tranche offering. At an outstanding volume of NZD 1.35 billion, this too represents the largest bond in the Kauri market. Read More

June 13, 2014

World Bank Launches Bond in Indian Rupee

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched an Indian Rupee (INR) 2.5-year fixed rate note. All payments for the INR 2 billion note will be made in United States Dollars (USD). The bonds will be distributed to institutional investors in Asia, Europe, and USA. Read More

June 12, 2014

World Bank Issues 1.5 billion Swedish Kronor Fixed Rate Green Bonds

Today, The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a Swedish Kronor (SEK) 1.5 billion 5-year fixed rate green Bond. This bond was lead managed by Skandinaviska Enskilda Banken AB (SEB) and sold to a group of eight investors, including AP2 and SEB Asset Management. Read More

June 11, 2014

World Bank Issues its First Bond Linked to Peruvian Soles

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today launched USD 36.42 million Zero Coupon Notes linked to the exchange rate between Peruvian Soles and USD. The bonds mature in 2030. J.P. Morgan Securities plc was the sole lead manager. Read More

May 22, 2014

World Bank Launches 1 Billion 5-year Canadian Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), launched a Canadian Dollar 1 billion 5-year fixed rate global bond. This is the World Bank’s largest Canadian Dollar global bond and the largest single-tranche deal from a supranational issuer in this market. The last Canadian Dollar global bond from the World Bank was issued in October 2013 and was also a 5-year transaction. Read More

May 14, 2014

World Bank and Nomura Announce Sale of new Green Bonds for Japanese investors

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), and Nomura’s global investment bank, finalized the terms of secondary distribution of World Bank Green Bonds for Japanese retail investors. The notes are denominated in Brazilian Real (Issue size: BRL465.5mn) and Turkish Lira (Issue size: TRY335.5mn) and have a 4-year tenor each. Read More

April 16, 2014

World Bank Launches First Kangaroo Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a AUD 300 million 5-year fixed rate Kangaroo green bond, the first of its kind in the Australian domestic market.  World Bank Green Bonds support its lending to eligible development programs that are designed to address the challenges of climate change. This AUD benchmark follows two World Bank benchmark-sized green bonds this year, issued in USD and EUR. Read More

April 15, 2014

Dubai Supreme Council of Energy and World Bank Partner to Design a Funding Strategy for Dubai's Green Investment Program

The Dubai Supreme Council of Energy (DSCE) and the World Bank (officially International Bank for Reconstruction and Development, ‘IBRD’) today signed an advisory services agreement to partner together and design a funding strategy for Dubai’s green investment program. The program will also consider financing through green bond and sukuk products. Read More

April 3, 2014

World Bank Prices an Oversubscribed and Upsized USD 2.25 billion 4-Year USD Global

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today priced a USD 2.25 billion 4-year fixed rate global bond, making this their largest ever offering in this maturity. This is the World Bank’s third USD benchmark size initial offering of 2014, following a USD 4 billion 5-year in January and a USD 5 billion 2-year in February. Read More

March 13, 2014

First World Bank Green Bond Benchmark in Euros

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a EUR 550 million 3-year fixed rate global green bond, its inaugural green benchmark in this currency and its second green bond of the year. World Bank Green Bonds support its lending to eligible development programs that are designed to address the challenges of climate change. Read More

February 20, 2014

World Bank Launches GBP 250 Million Fixed Rate Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a GBP 250 million fixed rate bond. The note matures on December 28, 2016 and has an annual coupon of 1%.
Read More

February 18, 2014

World Bank Prices its Largest NZD Kauri Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a new NZD 550 million 5-year fixed-rate global bond. This is the World Bank’s largest single tranche Kauri bond and this issue brings the World Bank’s outstanding total in Kauri bonds to NZD 3.8 billion. Read More

February 12, 2014

World Bank Issues a Quickly Oversubscribed USD 5 billion 2-Year USD Benchmark

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today priced a USD 5 billion long 2-year fixed rate global bond. This transaction is the World Bank’s second USD benchmark offering of 2014 following a USD 4 billion 5-year transaction in January. Read More

February 12, 2014

World Bank Issues Bond in Turkish Lira

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a Turkish Lira (TRY) bond. The notes will be placed with Asian and European institutional investors via the Royal Bank of Canada Europe Limited as the lead manager. Read More

January 15, 2014

World Bank Adds to Australian Dollar Yield Curve with New 5-year Benchmark

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a new 5-year benchmark Australian dollar transaction. The AUD 500 million 5-year fixed rate notes are due on January 23, 2019 and have a semi-annual coupon of 3.75%, a semi-annual yield of 3.91%, and a reoffer price of 99.28%. Read More

January 14, 2014

World Bank Launches First Floating Rate Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a USD 550 million 18-month floating rate World Bank Green Bond. 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. Read More

January 9, 2014

World Bank Raises USD 4 billion in a 5-yr USD Benchmark

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a USD 4 billion 5-year fixed rate global bond. This transaction is the World Bank’s first USD benchmark offering of 2014. The transaction was increased from the initially targeted USD 3 billion size to USD 4 billion to satisfy investor demand. This upsized and oversubscribed transaction has helped to reopen the market and establish solid fundamentals for issuance expected from other supranationals next week. Read More

November 6, 2013

World Bank Issues a EUR 1 billion Global Bond

The World Bank (IBRD, Aaa/AAA) priced today a 3-year benchmark bond denominated in euro (EUR).  The bond carries an annual coupon of 0.375% and matures on December 15, 2016.  It offers investors a yield of 0.412%, which is equivalent to a spread of 15.6 basis points over the 1.250% German bunds due October 2016. The EUR 1 billion bond proceeds will be used in member countries for development programs that promote sustainable economic growth with the goal of overcoming poverty and improving the standards of living for people worldwide. Read More

October 24, 2013

World Bank Raises USD 6 billion in a Dual-Tranche Transaction that Offers Investors 2-Year and 7-Year USD Benchmarks

The World Bank (IBRD, Aaa/AAA) priced today a record setting dual-tranche transaction raising a total of USD 6 billion matching its largest ever funded amount in a single day and the largest Multilateral Development Bank's USD deal since the World Bank’s previous record setter. The transaction -- comprised of 2-year and 7-year tranches -- was significantly over-subscribed with initial orders approaching USD 10 billion, setting another record for the World Bank. Read More

October 21, 2013

World Bank Launches Canadian Dollar 500 Million 5-year Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), launched a Canadian Dollar 500 million 5-year fixed rate global bond. The global bond carries a semi-annual coupon of 2.125% and will mature on October 30, 2018. Read More

September 24, 2013

World Bank Launches GBP 250 Million 4-year Fixed Rate Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a GBP 250 million 4-year fixed rate bond. The note matures on October 2, 2017 and has an annual coupon of 1.25%. This bond was joint-lead managed by Barclays Capital, HSBC and RBC Capital Markets. Read More

September 13, 2013

World Bank Returns to Kangaroo Market with New Dual-Tranche Australian Dollar Benchmark Offering

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced a dual-tranche Australian dollar transaction, offering investors a new 5-year Floating Rate Note (FRN) and an increase of the AUD1.00bn 6.00% November 2016 benchmark. The floater is the largest Kangaroo FRN transaction in the primary market by a Sovereign/Supranational/Agency (SSA) issuer and the World Bank’s first floating rate Australian Dollar Benchmark. Read More

August 9, 2013

World Bank Launches USD 550 million Green Bonds

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) launched a USD 550 million 2-year fixed rate World Bank Green Bond. 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. Read More

July 9, 2013

World Bank Issues Bond in Ugandan Shilling

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Ugandan Shilling (UGX) transaction. The UGX 25.9 billion 5-year fixed rate note matures on August 7, 2018 and has an annual coupon of 10.31%. The sole underwriter for the transaction is Barclays Bank Plc. Read More

July 9, 2013

World Bank Launches USD 1 Billion 4-year Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a USD 1 billion 4-year fixed rate bond. The bond carries a semi-annual coupon of 1.125% and will mature on July 18, 2017. The bonds will be distributed to a broad range of institutional investors around the world. Read More

June 26, 2013

World Bank Launches Equity-Linked Uridashi

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced the launch of its first equity linked uridashi bond for the Japanese retail market since 1999, a 5-year Nikkei 225 Index-linked Japanese Yen (JPY) Note. The initial size of the transaction is JPY 500 million and the final size will be determined at the end of the pre-marketing period on July 24, 2013. Read More

June 13, 2013

World Bank Launches Russian Ruble Green Bonds

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Russian Ruble (RUB) 10-year fixed rate World Bank Green Bond. The lead order for this transaction was from "SMBC Nikko World Bank Green Fund" managed by Nikko Asset Management (Nikko AM). Read More

June 13, 2013

World Bank Issues Malaysian Ringgit-linked Fixed Rate Eurobonds

Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Malaysian Ringgit (MYR) linked 2.1% Eurobond for Nikko Asset Management (Nikko AM) through J.P Morgan Securities plc as underwriter. Read More

June 6, 2013

World Bank increases Chinese Renminbi Bond to 2 billion

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today responded to additional investor demand and increased by RMB 300 million the offshore Chinese Renminbi bond first traded on May 31, 2013. The total amount of the 1-year bond is now 2 billion Chinese Renminbi (approximately US$326 million equivalent). Read More

May 31, 2013

World Bank Issues 1.7 billion Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) today priced its second benchmark-sized bond in the offshore Remninbi market. This is the largest ever offshore Renminbi bond offering from a supranational issuer to date and marks the second time the World Bank has issued in this fast growing market. Read More

May 14, 2013

World Bank Launches Bond in Malaysian Ringgit

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Malaysian Ringgit (MYR) 150 million 3-year fixed rate bond. The notes are due on May 12, 2016 and have an annual coupon of 1.875%. Read More

April 17, 2013

World Bank Launches Bond in Nigerian Naira

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Nigerian Naira (NGN) 7.892 billion 1-year fixed rate bond. The notes are due mature on April 30, 2014 and have an annual coupon of 9.25%. Read More

February 20, 2013

World Bank Launches Bond in South Korean Won

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a South Korean won (KRW) 108 billion 1.25% fixed rate note lead managed by JP Morgan. The notes will be placed with institutional investors in Europe. Read More

February 8, 2013

World Bank Launches Bond in Chilean Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Chilean Peso (CLP) 50 billion 3-year fixed rate note lead managed by Toronto Dominion Securities. Read More

January 15, 2013

World Bank Returns to Kangaroo Market with New 5-Year Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a global Australian Dollar bond, offering investors a new 5-year benchmark. The A$700 million 5-year fixed rate notes mature on January 24 2018, offer a semi-annual coupon of 3.50%, and were priced at 99.727% to yield 3.56% semi-annually. Read More

October 23, 2012

World Bank Surpasses 50th Green Bond Issuance Milestone

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) has issued three new green bonds. These bring the total number of World Bank Green Bonds to 52 transactions in 17 different currencies for a total amount of almost USD 3.5 billion. The three new transactions were distributed to Japanese retail and institutional investors through Daiwa Securities Co. Ltd. as the lead manager. Read More

September 14, 2012

World Bank Green Bonds Designed for Japanese Investors

The World Bank (International Bank for Reconstruction and Development) and Daiwa Securities Group announced today the World Bank’s expected issuance of green bonds which support projects in World Bank member countries that meet specific criteria aimed at reducing greenhouse gas emissions and helping countries adapt to the effects of climate change. World Bank green bonds are an opportunity for investors to support climate solutions through their investment. Read More

August 24, 2012

World Bank Launches Bond in Nigerian Naira

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Nigerian Naira (NGN) 3.25 billion 1-year fixed rate bond. The notes are due on October 30, 2013 and have an annual coupon of 13%. Read More

August 15, 2012

World Bank Launches Bond in Mexican Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new 2-year MXN 1 billion (approx. USD 76 million equivalent) fixed rate bond. The bonds were distributed to retail and institutional investors in Asia, Europe, and USA. Read More

July 31, 2012

World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 400 million 5-year fixed rate global bond. This is the World Bank’s largest Kauri bond issued to date. This transaction marks the return of the World Bank to New Zealand’s domestic market after its February 2012 offering. Read More

June 15, 2012

World Bank renews its participation in the risk transfer program of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for 2012 by transferring portion of CCRIF’s catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$120 million of claims paying capacity on the international reinsurance and capital markets. World Bank inter-mediated a transfer of US$30 million of risk in the top layer of CCRIF’s reinsurance program for 2012-2013. Read More

June 12, 2012

Bank of China (Hong Kong) and World Bank Jointly Announce the Launch of the “BOCHK - World Bank Emerging Markets Bond Fund”

Bank of China (Hong Kong) Limited (“BOCHK”) and the World Bank today announced the launch of the “BOCHK — World Bank Emerging Markets Bond Fund” (the “Fund”). The Fund is the inaugural cooperative venture of this type between BOCHK and the World Bank and will be the first global emerging market currency bond fund in Hong Kong with a China theme. Read More

中国银行(香港)与世界银行携手宣布发行「中银香港-世界银行新兴市场债券基金」

中国银行(香港)有限公司(「中银香港」)与世界银行今天宣布推出「中银香港-世界银行新兴市场债券基金」(「此基金」)。此基金不仅标志著中银香港与世界银行首度携手合作,亦是全港首只以中国为主题的全球新兴市场债券基金。 Read More

May 17, 2012

World Bank First Bond in Ugandan Shilling

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Ugandan Shilling (UGX) transaction. The UGX 36.75 billion 1-year fixed rate note matures on May 30, 2013 and has a coupon of 14.50%. The sole underwriter for the transaction is Barclays Bank Plc. Read More

May 16, 2012

World Bank Launches NOK 1 Billion 5-Year Global Bond

The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on May 29, 2017 and have an annual coupon of 2.125%. The lead manager for the transaction was HSBC Bank plc. Read More

April 20, 2012

World Bank Launches Canadian Dollar 400 million 3-year Global Bond

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA),launched a CAD 400 million 3-year global bond. The bonds were placed with institutional investors via RBC Capital Markets as the sole lead manager. Read More

April 16, 2012

World Bank Launches Callable Fixed Rate Note in USD

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a USD 750 million callable fixed rate note. The bonds were placed with institutional investors via Deutsche Bank and TD Securities as the joint lead managers. Read More

April 3, 2012

World Bank Launches Bond in Indian Rupee

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a 3-year fixed rate note denominated in Indian Rupee (INR). Payments for the INR 2 billion note will be made in USD. Read More

March 1, 2012

World Bank USD 50 million 3-year Green Bonds

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. Read More

February 28, 2012

World Bank Returns to Kangaroo Market with New Dual-Tranche
Australian Dollar Benchmark Offering

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced two new global Australian Dollar bonds, offering investors new 5-year and 10-year benchmarks. This dual-tranche offering marks the return of the World Bank to the Kangaroo market after a period of over one year. Read More

February 23, 2012

World Bank Launches NOK 1 Billion 5-year Global Bond

The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on March 2, 2017 and have an annual coupon of 2.375%. Read More

February 8, 2012

World Bank Increases Kauri Global Bond due in August 2016

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced an increase to its existing NZD 300 million 5-year global bond due August 2016. The bonds were distributed to a broad range of institutional investors in New Zealand, Asia, and Europe. Read More

February 7, 2012

World Bank Launches GBP 800 million Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a GBP 800 million global bond. This global bond was joint-lead managed by Barclays Capital, Deutsche Bank and RBC Capital Markets. Read More

February 1, 2012

World Bank Launches USD 5 Billion 5-year Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a USD 5 billion global bond. This transaction is the World Bank’s first USD benchmark offering in 2012. Read More

December 15, 2011

World Bank Launches USD 400 Million Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has issued USD 400 million 2-year World Bank Green Bonds. The bonds were issued to respond to demand from the California State Treasury. SEB is the sole lead manager for this transaction. Read More

December 15, 2011

World Bank Commemorates 40 Years of Issuing Bonds in Japan

The World Bank honored Japan’s journey from being a recipient of World Bank funding to a major investor and development partner by commemorating this year’s 40th anniversary of its first bond issued in the Japanese capital markets, in the lead up to the IMF/World Bank annual meetings to be held in Tokyo next year. Read More

October 19, 2011

World Bank Launches USD 4 Billion 2-year Fixed Rate Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a USD 4 billion fixed rate global bond. This transaction represents the first 2-year USD benchmark from any supranational borrower in 2011. The transaction was joint-lead managed by BNP Paribas, Citigroup, Daiwa Capital Markets and RBC Capital Markets. Read More

August 16, 2011

World Bank Launches USD 3.25 Billion 5-year Fixed Rate Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a USD 3.25 billion fixed rate global bond. This transaction represents the first USD benchmark in the Bank’s new financial year which started on July 1, 2011. Read More

August 3, 2011

World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 300 million 5-year fixed rate global bond. This transaction marks the return of the World Bank to New Zealand’s domestic market after its July 2010 offering. Read More

July 28, 2011

World Bank Launches Bond in Chilean Peso

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), issued a Chilean Peso (CLP) 30 billion 2-year fixed rate note lead managed by JP Morgan for North American institutional investors. Read More

July 13, 2011

World Bank Announces its First Fed Fund Floating Rate

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Fed Fund floating rate USD 1 billion 1-year note. This transaction is the World Bank’s first Fed Fund floating rate note. Read More

July 13, 2011

World Bank Euro 20 million 5-year Green Bonds

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued Euro 20 million 5-year World Bank Green Bonds. The lead order for this transaction was from FMO, the international development bank of the Netherlands. SEB is the sole underwriter for this transaction. Read More

June 23, 2011

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2011: World Bank transfers portion of catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$125.0 million of claims paying capacity on the international reinsurance and capital markets. Read More

June 8, 2011

The World Bank and Bank of America Merrill Lynch Announce World Bank Green Bonds for Merrill Lynch Wealth Management Investors

Today, Bank of America Merrill Lynch and the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a plan to offer World Bank Green Bonds to Merrill Lynch Wealth Management investors on a periodic basis. Bank of America Merrill Lynch will arrange and offer the bonds to clients through the Merrill Lynch Global Wealth Management platform. Read More

June 2, 2011

World Bank Issues First Bond in Thai Baht

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Thai Baht (THB) 1.25 billion 3-year fixed rate note in the Thai domestic bond market. This transaction is the World Bank’s first issue in THB. The sole lead manager for the issue is HSBC. Read More

May 18, 2011

World Bank auctions 200,000 Adaptation Fund CERs on BlueNext

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), as Trustee for the Adaptation Fund, completed an auction of 200,000 tons of certified emission reductions (CERs) today at a price per ton of EUR 12.52. The auction, the first on behalf of the Adaptation Fund, was held on BlueNext Exchange’s platform. Read More

April 18, 2011

World Bank Issues Bond in Brazilian Real

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Brazilian Real (BRL) 100 billion 3-year fixed rate note (settlement date: April 28, 2011). The notes mature on April 28, 2014 and have an annual coupon of 9%. Read More

April 12, 2011

World Bank Issues Bond in Zambian Kwacha

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Zambian Kwacha (ZMK) 100 billion 3-year fixed rate note (settlement date: April 20, 2011). The notes mature on April 11, 2014 and have an annual coupon of 8.50%. The sole underwriter for the transaction is J. P. Morgan Securities Ltd.  Read More

April 5, 2011

World Bank Issues Callable Step-up Note in USD

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a USD 50 million Callable Step-up fixed rate note (settlement date: April 29, 2011). Read More

March 29, 2011

World Bank Launches 1 billion Norwegian Krone Global Benchmark Bond

Today, the World Bank (the International Bank for Reconstruction and Development, rated Aaa/AAA), launched a 3-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on April 14, 2014 and have an annual coupon of 3.25%.  Read More

January 19, 2011

World Bank Launches USD 5 Billion 5-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 5 billion global fixed rate note, its first USD benchmark in 2011. This global bond was joint-lead managed by BofA Merrill Lynch, Goldman Sachs International, Morgan Stanley, and RBC Capital Markets.  Read More

January 18, 2011

World Bank Returns to Kangaroo Market with Increases to its October 2014 and October 2020 Benchmarks

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced increases to both its existing Australian dollar benchmark bonds due October 21, 2014 and October 1, 2020. Read More

January 13, 2011

World Bank Launches Bond in Nigerian Naira

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today launched a Nigerian Naira (NGN) 4.6 billion 1-year fixed rate note. The notes are due on January 31, 2012 and have an annual coupon of 9.75%. Read More

January 11, 2011

World Bank Launches GBP 300 Million 5-year Floating Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a GBP 300 million global floating rate note. This global bond was joint-lead managed by HSBC and RBC Capital Markets. This is the first floating rate note issue denominated in GBP, issued by the World Bank. Read More

January 4, 2011

World Bank issues first Chinese Renminbi Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued today its first bond denominated in Chinese Renminbi (RMB). The RMB500 million (c.US$eq 76 million) 2-year fixed rate note due on January 14, 2013, offers investors a semi-annual coupon of 0.95%. Read More

December 8, 2010

World Bank's First Zambian Kwacha Bond

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Zambian Kwacha (ZMK) 235,500 million 3-year fixed rate note. The notes are due on December 6, 2013 and have an annual coupon of 6.75%. Read More

November 16 , 2010

World Bank Launches Australian Dollar Green Bonds for a Japanese Regional Bank

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued World Bank Green Bonds denominated in Australian Dollars for a single Japanese institutional investor, San-in Godo Bank, Ltd., on of the largest local banks in the San-in region of western Honshu. Read More

October 28, 2010

World Bank Launches GBP 600 Million 3-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a GBP 600 million global fixed rate note. This global bond was joint-lead managed by Deutsche Bank, RBC Capital Markets and The Royal Bank of Scotland. Read More

October 27, 2010

World Bank Launches 1 billion Swedish Kronor-Linked Eurobond

Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Swedish Kronor (SEK) 1 billion 2.25% Notes. The notes will be placed with institutional investors in Asia, Europe, and North America via JP Morgan as the underwriter. Read More

October 8, 2010

Wells Fargo Securities and the World Bank Announce Program to Expand Investment Opportunities for U.S. Retail Investors

Wells Fargo Securities, part of Wells Fargo & Company, and the World Bank Treasury today announced a program designed to provide new investment opportunities in World Bank notes for U.S. retail investors. Read More

September 21, 2010

World Bank Extends Australian Dollar Yield Curve with New 10-year Benchmark

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a new 10-year benchmark Australian dollar transaction. Read More

September 1, 2010

First World Bank Green Bonds Designed for a Single Japanese Institutional Investor

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued the first World Bank Green Bond designed for a single Japanese institutional investor, Iyo Bank Co., Ltd., one of the largest regional banks in Japan. The proceeds of green bonds support World Bank-funded projects aimed at tackling the causes and consequences of climate change in the developing world. Read More

August 18 , 2010

World Bank Issues USD 2 Billion 1.125% Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a 4-year USD 2 billion 1.125% global bond due August 25, 2014. The transaction was well received by the market and investor demand came from mostly Asian, European, Middle Eastern and African investors. Read More

July 2 , 2010

World Bank Green Bonds for Swiss Investors

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and Clariden Leu AG have teamed up to bring World Bank Green Bonds to retail and institutional investors in Switzerland. This transaction gives investors in Switzerland the opportunity to support World Bank’s lending to development programs which specifically tackle climate change, while investing in the securities of an issuer with the highest credit ratings from Moody's and Standard and Poor's. Read More

June 25, 2010

World Bank Issues Malaysian Ringgit-linked Fixed Rate Eurobonds

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Malaysian Ringgit (MYR) linked 1.75% Eurobonds for its European and Japanese institutional investor base via TD Securities as the underwriter. Read More

June 23, 2010

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2010: World Bank transfers portion of catastrophe risk to the capital markets through cat swap

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$111.0 million of claims paying capacity on the international reinsurance and capital markets. The CCRIF was set up to ensure that the governments of its 16 members will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

June 9, 2010

World Bank Issues 750 million 10-year Norwegian Krone Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 10-year Norwegian Krone (NOK) global bond. This is the second NOK denominated global bond that the World Bank has issued this year. The transaction was well received by the market, investor demand came mostly from Asian and European investors. Read More

June 8, 2010

First World Bank Green Bonds Issued for Online Distribution in Japan

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and SBI Securities Co., Ltd. announced the completion of two World Bank green bond transactions sold online to Japanese retail investors. These 5-year bonds are denominated in South African rand (ZAR) and Mexican pesos (MXN) and mark the first World Bank green bonds to be sold exclusively online, and through SBI Securities. Read More

May 18, 2010

World Bank Launches USD 4.5 billion 5-year Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 4.5 billion 5-year global fixed rate bond, its second USD benchmark in 2010. In a market characterized by volatility and credit concerns, investors welcomed the opportunity to place money in bonds from a highly creditworthy issuer. Read More

April 20, 2010

World Bank Issues 2.5 billion 5-year Norwegian Krone Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 5-year Norwegian Krone (NOK) global bond. The transaction was well received by the market, with over 20 investors participating in the final order book. Read More

April 20, 2010

World Bank USD 3.5 Billion 3-year Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced today a USD 3.5 billion global fixed rate note, its first USD benchmark in 2010. This global bond was joint-lead managed by Deutsche Bank, J.P. Morgan, Morgan Stanley and The Royal Bank of Scotland. Read More

April 14, 2010

World Bank Returns to Kangaroo Market with Increases to its November 2016 and December 2019 Benchmarks

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced increases to both its existing Australian dollar benchmark bonds due November 9, 2016 and October 21, 2019. These transactions mark the return of the World Bank to this market after it issued its successful A$1.5 billion 5.75% benchmark due February 17, 2015 earlier this year. Read More

February 24, 2010

World Bank Launches 30 billion Chilean Peso-Linked Eurobond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a Chilean peso (CLP) 30 billion 2.50% CLP/USD FX Linked Eurobonds. The notes will be placed with European investors via JP Morgan as the sole lead manager. Read More

February 23, 2010

World Bank Announces Ten New Green Bonds Denominated in Ten Different Currencies

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announces the final terms for ten new green bonds that are being issued primarily for the launch of new World Bank green bond funds managed by Nikko Asset Management (Nikko AM), aimed at investors primarily in Japan and Europe. World Bank green bonds are an opportunity to invest in climate solutions through a triple-A security that supports World Bank-financed climate change mitigation and adaptation projects. Read More

February 22, 2010

Investments in World Bank Green Bonds Surpass USD 1 billion

The latest issue of World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) green bonds has pushed the total amount of such financing to more than USD 1 billion, reflecting continuing strong investor interest in this unique investment opportunity. World Bank green bonds support projects in the World Bank's member countries that meet specific criteria for low carbon development. They are a rare opportunity for institutional investors to support climate change solutions within their high-grade fixed income investment mandates. Read More

February 22, 2010

Nikko Asset Management set to launch green fund with World Bank Bonds

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and Nikko Asset Management (NIkko AM) have announced today the launch of a groundbreaking Nikko AM World Bank Green Fund for European and Middle Eastern investors. The fund - the first of its kind - can invest up to 100% of its portfolio in green bonds issued by the World Bank. All proceeds of these bonds will support World Bank funded projects that are designed to tackle the causes and consequences of climate change in the developing world. Read More

February 4, 2010

World Bank Returns to Kangaroo Market with New Australian Dollar Benchmark Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a 5-year benchmark Kangaroo transaction. This transaction marks the return of the World Bank to this market after last October’s highly successful dual-tranche offering. The A$1.5 billion 5-year fixed rate notes are due on 17 February 2015 and have a semi-annual coupon and yield of 5.75% and a reoffer price of 100%. This equates to a spread of 69 basis points over the ACGB 6.25% due 15 April 2015. Read More

January 18, 2010

First World Bank Green Bonds Designed for Japanese Investors

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) and Daiwa Securities Group announced today final terms for the World Bank’s inaugural issuance of green bonds designed specifically for investors in Japan. World Bank green bonds support projects in the World Bank’s member countries that meet specific criteria for low-carbon development, and are an opportunity for investors to support climate solutions through their investment. The World Bank raised NZD 150 million (approximately USD 110.7 million equivalent) through these 5-year bonds. Read More

October 19, 2009

World Bank Launches Eurobond

The International Bank for Reconstruction and Development (the “World Bank”) rated Aaa/AAA, launched a 2 year EUR/BGN currency linked note. The notes will be placed with US and European investors via JP Morgan as the sole lead manager. Read More

October 16, 2009

World Bank Launches “MULTICAT PROGRAM”

The World Bank (International Bank for Reconstruction and Development) announced today the launch of the MultiCat Program — a catastrophe bond issuance platform that gives governments and other public entities access to international capital markets to insure themselves against the risk of natural disasters. This is the first time a platform has been designed specifically to help governments from developing countries access affordable insurance coverage through the capital markets. Read More

October 7, 2009

World Bank Issues First Multi-Tenor AUD Benchmark Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a dual tranche (5 and 10-year) benchmark Kangaroo transaction. This transaction marks the return of the World Bank to the Kangaroo market after a 3-year absence and is the market’s first ever dual-tenor offering. Read More

September 24, 2009

World Bank Launches Bond in Russian Rubles

Today, the International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, launched a Russian Ruble (RUB) 2.5-year note. The notes will be placed with US and European investors via JP Morgan as the sole lead manager. Read More

August 19, 2009

World Bank Launches Bond in Australian Dollars

Today, the International Bank for Reconstruction and Development (the “World Bank”) rated Aaa/AAA, launched an AUD 100 million note due August 27, 2014 for sale in the Japanese market. JP Morgan is the sole lead manager for this transaction. Read More

August 10, 2009

World Bank Launches Bond in Brazilian Real

Today, the World Bank launched a Brazilian Real (BRL) 3-year note. The notes will be placed with Japanese investors via JP Morgan as the sole lead manager. Read More

August 3, 2009

World Bank Launches Bond in New Turkish Lira

Today, The International Bank for Reconstruction and Development (the “World Bank”) rated Aaa/AAA, launched a New Turkish Lira (TRY) 50 million note due August 14, 2012 for Japanese and European institutional investors. RBC Capital Markets is the sole lead manager for this transaction. Read More

July 31, 2009

World Bank Launches Bond in Polish Zloty

Today, the International Bank for Reconstruction and Development (the “World Bank”) rated Aaa/AAA, launched a Polish Zloty (PLN) 125 million note due July 31, 2012 for Japanese investors. RBC Capital Markets is the sole lead manager for this transaction. Read More

July 10, 2009

World Bank Issues Third New Zealand Dollar-Denominated Kauri Global Bond

The World Bank announced the transaction on July 9, 2009. The bond is the Kauri market’s largest new issue this year, and its timing was aimed at offering a new investment opportunity to an upcoming wave of New Zealand dollar redemptions in the Euro-Kiwi, Uridashi and domestic market. Read More

June 15, 2009

World Bank Completes Second Sale of CERs for the Adaptation Fund

The World Bank as Trustee for the Adaptation Fund sold certified emission reductions (CERs) during the second week of June, 2009. This was the second set of transactions carried out as part of the World Bank’s program to monetize CERs for the Adaptation Fund. Read More

June 12, 2009

Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed for 2009

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has secured US$132.5 million of claims paying capacity on the international reinsurance and capital markets. The CCRIF was set up to ensure that the governments of its 16 members will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

May 27, 2009

Adaptation Fund Completes Inaugural Sales of CERs

Created under the United Nations Framework Convention on Climate Change (UNFCCC), the Adaptation Fund is designed to finance concrete climate change adaptation projects and programs based on the needs, views and priorities of developing country signatories to the Kyoto Protocol. The World Bank (International Bank for Reconstruction and Development) serves as trustee for the Adaptation Fund, and the World Bank Treasury conducts CER sales for the Fund. The Fund’s primary funding comes from a two percent share of proceeds of all CERs issued under the Clean Development Mechanism. Read More

May 11, 2009

World Bank Issues its Inaugural 10 year Euro-denominated Benchmark Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) has sold its first 10-year benchmark bond denominated in euro (EUR). The EUR 3 billion bond represents a further expansion of the capital markets product line with which the World Bank raises funding to meet the financing needs of its sovereign member clients. Read More

April 24, 2009

State of California Buys USD 300 Million World Bank Green Bonds to Boost Global Solutions to Climate Change

The World Bank (International Bank for Reconstruction and Development – IBRD) and California State Treasurer Bill Lockyer announced today that the State has purchased USD 300 million of World Bank green bonds in furtherance of California’s climate change mitigation policies. This is the World Bank's second issue of green bonds and the first denominated in U.S. dollars. SEB, the lead manager for the World Bank's inaugural green bonds in Swedish kronor, is the sole lead manager for this transaction as well. The World Bank will credit the proceeds of this 3-year floating rate note issue to a special account funding loan disbursements to qualifying "green" projects in its member countries. Read More

April 6, 2009

World Bank Launches Bond in Swiss Francs

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a CHF 425 million 10-year maturity bond issue denominated in Swiss francs (CHF). This transaction was joint lead-managed by Credit Suisse and UBS Investment Bank and marks the return of the issuer to the CHF market after an absence of more than 11 years. Read More

March 26, 2009

USD 6 Billion 3-year World Bank Fixed Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced today a USD 6 billion global fixed rate note, its second USD benchmark in 2009. This global bond was joint-lead managed by Citi, HSBC, J.P. Morgan and Royal Bank of Scotland. It is the largest bond issue ever launched by the World Bank. Read More

March 5, 2009

USD 3 Billion 2-year World Bank Floating Rate Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) priced today a USD3 billion global floating rate note, its first USD benchmark in 2009, and the first 2-year floating rate note the World Bank has issued in the global-bond format it designed and first launched in 1989. This inaugural 2-year floating rate note was joint-lead managed by Citibank, HSBC, Morgan Stanley and Royal Bank of Scotland. Read More

November 14, 2008

World Bank "Green Bonds" Increased to SEK 2.7 Billion

The World Bank today announced an increase of its inaugural green bonds to respond to additional investor demand. The United Nations Joint Staff Pension Fund joins other key investors in support of the green bonds, including Länsförsäkringar, Skandia, AP3 (Third Swedish National Pension Fund), AP2 (Second Swedish National Pension Fund). Read More

November 6, 2008

World Bank and SEB partner with Scandinavian Institutional Investors to Finance "Green" Projects

The World Bank today announced a partnership with SEB and several key Scandinavian institutional investors to introduce a “World Bank green bond” to raise funds for projects seeking to mitigate climate change or help affected people adapt to it. Read More

October 3, 2008

World Bank Launches Bond in Romanian Leu

Today, the World Bank launched a Romanian Leu (RON) 150 million 2-year fixed rate note for institutional investors in Europe. The transaction was joint lead managed by ABN AMRO and TD Securities. The issue marks the World Bank’s return to the RON market, after having been the first foreign bond issuer in the domestic Romanian market in 2006. Read More

October 1, 2008

USD 1.5 billion 5-year World Bank Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) launched today a USD 1.5 billion global bond issue, its first USD benchmark since March 2006. Read More

September 12, 2008

World Bank Launches its second CER-Linked Bond

The World Bank today launched its second certified emission reduction (“CER”) linked bond. Mitsubishi UFJ Securities International PLC is the lead manager for the issue that is being offered to sophisticated investors in Japan. Read More

August 6, 2008

World Bank Launches Bond in South African Rand

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, launched a South African Rand (ZAR) 150 million note due August 13, 2010 for Japanese retail investors. Sole lead manager is TD Securities. Read More

July 21, 2008

World Bank Launches Bond in Brazilian Real

Today, the World Bank launched a Brazilian Real (BRL) 2-year note for institutional investors. JP Morgan is the sole lead manager for this transaction. Read More

July 7, 2008

World Bank Launches Bond in Turkish Lira

Today, the World Bank launched a 100 million Turkish Lira (TRY) 2-year fixed rate note, to respond to demand primarily from Japanese and European institutional investors. The transaction was lead managed by TD Securities, co-lead managed by ABN Amro and J. P. Morgan Chase and co-managed by HSBC and RBC Capital Markets. Read More

June 26, 2008

World Bank Launches Bond in Mexico Peso

Today, the World Bank launched a 500 million Mexican Peso (MXN) 3-year fixed rate note, to respond to demand primarily from Japanese and European institutional investors. The transaction was sole lead managed by TD Securities. Read More

June 18, 2008

World Bank Launches Bond in Russian Ruble

The World Bank launched a Russian Ruble (RUB) 600 million 6-year fixed rate note. The transaction was lead managed by Deutsche Bank, and co-lead managed by Banca Profilo, KBC International Group, RBCCM, and UBS. The notes will be placed with retail and institutional investors in Luxembourg. Read More

June 18, 2008

World Bank Partners with Westpac for Sustainable Investing

The World Bank has teamed up with Westpac to design an investment product for retail and other investors in New Zealand interested in a triple-A rated sustainable investment product. Read More

June 9, 2008

Caribbean: Participants Renew Catastrophe Risk Insurance Facility for 2008 Hurricane Season

The 16 members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their 2008 policies, ensuring that their governments will have immediate access to liquidity if hit by a hurricane or earthquake. Read More

June 9, 2008

Daiwa Securities Group offers the first CER-Linked Uridashi Bond Created in Collaboration with the World Bank

Daiwa Securities Group and the World Bank announced that they have launched the market’s first Certified Emission Reduction (CER*) Linked Uridashi Bond. The issuer for the bonds is the World Bank (International Bank for Reconstruction and Development - IBRD, rated Aaa/AAA). The USD denominated bond offers investors 100% principal protection in USD. It will have a fixed rate coupon for an initial period, and then a coupon linked to the future performance of CER market prices and the actual versus estimated delivery of CERs that will be generated by a hydropower plant located in the Guizhou Province in China. Read More

June 4, 2008

World Bank Launches Bond in Brazilian Real

The World Bank launched a Brazilian Real (BRL) 3-year note. The notes will be placed with European investors via TD Securities as the sole lead manager. All payments will be made in US Dollars (USD), as more fully described in the terms of the notes. Read More

May 28, 2008

Uruguay: First Bond Transaction To Provide World Bank Financing in Local Currency

The World Bank (International Bank for Reconstruction and Development, IBRD) today became the first foreign issuer to launch a public bond in Uruguayan Pesos. The World Bank will pass the proceeds on to the Uruguayan Government. This is the first time the World Bank is providing local currency financing to a member country by directly funding in that country’s own currency. Read More

Uruguay: Primera Emisión Publica Permite Entregar Financiamiento Del Banco Mundial En Moneda Local

El Banco Mundial (Banco Internacional de Reconstrucción y Fomento, BIRF) se convirtió hoy en el primer organismo internacional en lanzar una emisión pública en pesos uruguayos, cuyos fondos transferirá al Gobierno de Uruguay. Se trata de la primera vez que el Banco Mundial otorga financiamiento en moneda local a un país miembro mediante la colocación directa de un bono en la moneda del país. Read More

May 19, 2008

World Bank Launches Bond in Icelandic Krona

The World Bank launched an 8 billion bond denominated in Icelandic Krona. The 2-year World Bank ISK 8 billion bonds are being offered in response to demand from North American institutional investors. Read More

May 8, 2008

World Bank Launches Bond in Russian Ruble

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, issued a Russian Ruble (RUB) 3-year note. The notes will be placed with retail and institutional investors in Luxembourg, Switzerland, Germany, as well as Italian asset managers. TD Securities is the sole lead manager of the transaction, JP Morgan is the co-lead manager, and Deutsche Bank and UBS are co-managers. Read More

May 7, 2008

World Bank Issues USD 50 Million Equity Linked Bonds

The World Bank launched a USD 50 million principal protected zero coupon note due 2018. The principal payment is linked to the performance of a basket of 3 equity indices. The bonds were issued in response to demand from Latin American pension funds. The transaction was lead managed by Société Générale. Read More

April 29, 2008

World Bank Launches Bond in South African Rand

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, launched a 500 million South African Rand (ZAR) due November 10, 2011 for European retail investors. The ZAR 500 million bond is a syndicated transaction lead managed by Deutsche Bank. The co-lead managers are JP Morgan, KBC, RBC, and UBS. Read More

March 26, 2008

World Bank Launches Bond in Polish Zloty

The World Bank today reopened a Polish Zloty (PLN) Eurobond lead managed by TD Securities for Japanese and European retail investors, bringing the total size of the issue to PLN 100 million. The reopening added an additional PLN 50 million to the issue, at an issue price of 100.85%, with settlement on April 3, 2008. The original issue settled on March 10, 2008. Read More

February 15, 2008

World Bank Issues Eco 3Plus Note through Fortis Retail Bank

The World Bank has issued its third World Bank Eco 3Plus note. This 6-year Euro 27.5 million note was offered through Fortis Retail Bank in collaboration with ABN AMRO Markets for investors in Belgium and Luxembourg. Read More

January 17, 2008

World Bank Launches Bond in South African Rand

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, has launched a 500 million South African Rand (ZAR) due July 29, 2009 for European retail and institutional investors. The ZAR 500 million bond is a syndicated transaction lead managed by ABN Amro. The co-lead managers are Danske Bank, DZ Bank, and UBS. Read More

January 17, 2008

World Bank Launches Bond in Turkish Lira

Today, The World Bank launched a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via TD Securities as the lead manager. Read More

January 15, 2008

World Bank Re-enters the Sterling Market

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued its first benchmark bond denominated in Sterling (“GBP”) in seven years in response to particularly high levels of demand for the currency from the central bank community. The GBP 350 million bond was lead-managed by Royal Bank of Scotland and UBS Investment Bank. Co-Lead managers were ABN AMRO, Barclays Capital, Dresdner Kleinwort, HSBC, RBC and TD Securities. Read More

January 10, 2008

World Bank Launches Bond in Brazilian Real

Today, the World Bank launched a Brazilian Real (BRL) 2-year note for institutional European investors. TD Securities is the sole lead manager for this transaction. All payments will be made in US Dollars (USD), as more fully described in the terms of the notes. Read More

December 23, 2007

World Bank Issues Eco 3Plus Note for Swiss Investors

The World Bank has issued its second World Bank Eco 3Plus note. This 6-year Euro 13.5 million note was offered through ABN AMRO's network in Switzerland. The notes are the World Bank's second public offering linked to ABN AMRO's environmentally-focused equity index. Read More

December 6, 2007

World Bank Launches Bond in Brazilian Real

Today, the World Bank launched a Brazilian Real (BRL) 2-year note for European investors. ABN AMRO is the sole lead manager for this transaction. All payments will be made in Danish Kroner (DKK), as more fully described in the terms of the notes. Read More

November 20, 2007

World Bank Issues its Inaugural Canadian Dollar Global Bond

Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued its first global benchmark bond denominated in Canadian dollars (“CAD”). The CAD 850 million bond is a syndicated transaction lead managed by HSBC and TD Securities. Senior co-lead managers are Merrill Lynch and RBC Capital Markets, and co-lead managers are BMO Capital Markets, CIBC World Markets, Casgrain & Co, National Bank Financial, and Scotia Capital. Read More

November 1, 2007

World Bank Launches its First International Markets Bond in Colombian Peso

Today, IBRD issued its first ever Colombian peso (COP) international markets bond, after having issued the inaugural domestic COP supranational bond in 2004. It is also the market's first fixed rate COP bond issued by a supranational issuer. The 3-year notes have an annual coupon of 8.5% that will be paid in USD, and have been placed with Asian and European investors via JP Morgan as the lead manager. Read More

October 1, 2007

World Bank Launches Bond in Hungarian Forint

The World Bank launched a Hungarian forint (HUF) bond. The notes will be placed with European investors via TD Securities as the lead manager. Read More

September 24, 2007

World Bank Offers Bonds Through German Sparkassen for Ethical Investing

The World Bank today announced its partnership with DekaBank to offer one-year World Bank bonds exclusively to clients of the German Savings Banks Finance Group ("Sparkassen-Finanzgruppe"). DekaBank, the central asset manager of the Sparkassen-Finanzgruppe, is the sole lead manager of this Euro 250 million retail offering. Read More

Weltbank bietet über Sparkassen ethisches Investment an

Die Weltbank bietet in Deutschland eine neue Anleihe an, die die Kunden der Sparkassen-Finanzgruppe ab heute exklusiv zeichnen können. Die DekaBank, der zentrale Asset Manager der Sparkassen-Finanzgruppe, ist Konsortialführerin der Anleihe, deren Volumen 250 Mio. Euro beträgt. Read More

September 17, 2007

World Bank Launches Bond in Turkish Lira

The World Bank launched a Turkish Lira (TRY) bond. The notes will be placed with European investors via TD Securities as the lead manager. Read More

September 17, 2007

World Bank Issues New Eco Bond

The World Bank today announced its partnership with ABN AMRO to sell “World Bank Eco 3+ bonds” exclusively through ABN AMRO’s branch network in The Netherlands, Belgium and Luxembourg. Starting today, investors will be able to purchase from ABN AMRO World Bank EUR denominated six-year notes. The notes pay a floating rate annual coupon of at least 3% per year. The coupon is linked to an equity index, the ABN AMRO Eco Price Return Index, comprised of companies that produce alternative forms of energy, engage in water and waste management, or are involved in the production of catalysts used to reduce pollution. Read More

September 05, 2007

World Bank Launches Bond in Mexican Peso

The World Bank launched a 750 million Mexican Peso (MXN) 15-year zero coupon, to respond to demand primarily from European institutional investors. RBC Europe Ltd. lead managed the transaction. Read More

August 29, 2007

World Bank Launches Bond in Icelandic Krona

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, launched a 3 billion Icelandic Krona (ISK) bond due May 12, 2009 for European retail and institutional investors. The ISK 3 billion is a syndicated transaction lead managed by Deutsche Bank AG. The co-lead managers are KBC and TD Securities. Read More

August 29, 2007

World Bank Launches Bond in South African Rand

The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, issued a 400 million South African Rand (ZAR) due May 12, 2009 for European retail and institutional investors. The ZAR 400 million bond is a syndicated transaction lead managed by Deutsche Bank AG. The co-lead managers are ABN Amro, RBC, and TD Securities. Read More

July 20, 2007

World Bank Issues Inaugural New Zealand Dollar-denominated Kauri Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD) rated Aaa/AAA has issued its inaugural New Zealand Dollar Kauri (“Kauri”) 7-year global bond today. The NZD 350 million bond is a syndicated transaction lead-managed by ANZ Institutional and TD Securities. Co-lead managers are RBC Capital Markets and Westpac Institutional Bank. Read More

July 19, 2007

World Bank Issues 2 Billion South African Rand Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD) rated Aaa/AAA, has issued a 3-year global benchmark bond denominated in South African Rand (“ZAR”). The ZAR 2 billion bond is a syndicated transaction lead-managed by JPMorgan and TD Securities. The co-lead managers are ABN Amro, Deutsche Bank, HSBC, Morgan Stanley, RBC, and UBS. Read More

July 6, 2007

World Bank Issues its First Malaysian Ringgit-linked Eurobonds

Today, the World Bank launched its first Malaysian Ringgit (MYR) linked Eurobonds for its European and Japanese institutional investor base via TD Securities as the sole lead manager. Read More

June 28, 2007

World Bank Launches Bonds for Inauguration of "World Supporter" Fund Created by Nikko AM

The World Bank (International Bank for Reconstruction and Development - IBRD, rated AAA/Aaa) has launched a set of emerging market local currency bonds that will be purchased for a new investment fund offered by Nikko Asset Management Co., Ltd. (Nikko AM). The Nikko AM fund for Japanese investors is called the “World Bank Bond Fund and is the first fund comprised principally of World Bank bonds in a variety of emerging market currencies. Read More

June 1, 2007

First Ever Regional Catastrophe Risk Insurance Pool Up and Running in Time for 2007 Hurricane Season

Beginning today, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will provide participating governments from the region with immediate access to liquidity if hit by a hurricane or earthquake. This regional institution, registered in the Cayman Islands, is the first regional disaster insurance facility in the world. Its reserves come from participating countries and donors. Read More

May 22, 2007

World Bank Issues its first Euro-denominated Benchmark Global Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) has issued its first benchmark bond denominated in Euro (EUR). The EUR 1.5 billion bond represents not only a landmark in the World Bank’s global issuance program, but also an expansion of the capital markets product line used to finance its sustainable development mandate. Read More

April 26, 2007

World Bank Issues Bond in Iceland Krona

Today, the World Bank launched a total of 6 billion Iceland krona (ISK) bonds for European institutional and retail investors. The bonds were issued in 3 tranches of ISK 2 billion each, giving investors the choice of 3 maturities: 2, 3, and 4 years. ABN AMRO and UBS Investment Bank are the lead managers for the transaction and Deutsche Bank AG, KBC, and Dexia are the co-managers. Read More

April 25, 2007

World Bank Issues first ever Turkish Lira Global Benchmark Bond

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) has issued the first global benchmark bond denominated in New Turkish Lira (“TRY”).  The TRY 500 million sized bond is a syndicated transaction lead-managed by ABN AMRO, JP Morgan and TD Securities, and the Co-Lead managers are Danske Bank, Deutsche Bank, KBC, RBC and UBS. Read More

April 16, 2007

World Bank Issues Bond in Brazilian Real

Today, the World Bank launched a Brazilian Real (BRL)* 2-year bond for European institutional and retail investors. ABN AMRO is the lead manager for the transaction and Deutsche Bank AG, Kredietbank International Group, and Scotia Capital Inc are the co-managers. Read More

April 12, 2007

World Bank Issues Bond in Turkish Lira

The World Bank reopened an outstanding Turkish Lira (TRY) bond due February 6, 2009. These notes will also be placed with European retail and institutional investors via TD Securities as the lead manager. Read More

April 3, 2007

World Bank Issues Mexican Peso Bond

Today, the World Bank launched a 500 million Mexican Peso (MXN) 5-year bond for European retail and institutional investors. Deustche Bank lead managed the transaction, with ABN Amro Bank, RBC Europe Ltd., and UBS Investment Bank as co-managers. Read More

March 1, 2007

World Bank Issues Mexican Peso Bond

Today, the World Bank launched a 500 million Mexican Peso (MXN) 2-year bond for European retail and institutional investors. TD Securities was a sole lead manager for the transaction. Read More

February 9, 2007

World Bank Bond in Turkish Lira

The World Bank launched a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via UBS Investment Bank as the lead manager and ABN Amro, Banca Profilo, KBC, and RBC Europe Ltd. as co-managers. Read More

January 24, 2007

World Bank Issues Bond in Turkish Lira

The World Bank launched a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via TD Securities as the lead manager. Read More

January 10, 2007

World Bank Issues South African Rand Bond

Today, the World Bank launched a 250 million South African Rand (ZAR) bond for European retail and institutional investors. Deutsche Bank lead managed the transaction, with ABN Amro Bank, Danske Bank, and RBC Europe Ltd. as co-managers. Read More

November 20, 2006

World Bank and Dresdner Bank Join Up for Socially Responsible Investments

The World Bank today announced that it has issued a EUR 25* million bond that will be placed with German retail investors exclusively through Dresdner Bank’s branch network. The issue targets investors in Germany who are interested in contributing through their investment to the World Bank’s sustainable development mandate. Read More

October 27, 2006

Kangaroo Bond Issued by the World Bank

The World Bank today issued an AUD 500 million 10-year bond in the domestic Australian capital market. Joint lead-managers are ABN AMRO Bank and Westpac Institutional Bank. The co-managers are Commonwealth Bank of Australia and RBC Capital Market. Read More

September 18, 2006

First World Bank Bond in Romanian Domestic Market

The New Romanian Leu-denominated domestic bond of RON525 million launched by the World Bank (International Bank for Reconstruction and Development, rated AAA/Aaa) on August 28, 2006, settles today. The bond is the first by a foreign issuer and the largest ever launched in the Romanian domestic capital market. Read More

August 28, 2006

World Bank Launching First Supranational Issue in Romanian Domestic Market

The International Bank for Reconstruction and Development (IBRD), also known as the World Bank, will issue a New Romanian Leu-denominated domestic bond of RON525 million. This will be the first supranational issue in Romania, under local law and domestic clearing systems. The net proceeds of the sale will be used by IBRD for its general operations. Read More

March 22, 2006

USD 1 Billion 10-year World Bank Global Bond

The World Bank today launched a USD 1 billion 10-year global bond issue, its first at this maturity since 2003. This transaction was joint lead-managed by Goldman Sachs and Morgan Stanley. Co-Lead Managers were: ABN Amro, Citigroup, Deutsche Bank, Nomura, and UBS. Read More

March 3, 2006

The World Bank Issues its First Mexican Peso Global Bond

The International Bank for Reconstruction and Development (IBRD), known as The World Bank, issued its first Mexican peso global bond. With this strategic transaction, the World Bank hopes to further contribute to the development of the Mexican peso bond market. Read More

February 13, 2006

New Zealand Dollar Bond for the World Bank

The World Bank has issued a New Zealand Dollar (NZD) bond. The notes will be placed with Asian institutional and European retail and institutional investors via RBC Capital Markets as the lead manager and the following syndicate members: Bank Vontobel AG, Banque et Caisse d’Epargne de l’Etat, Daiwa Securities SMBC Europe Limited, ING, KBC Bank NV, Rabobank London, UBS Investment Bank. Read More

February 8, 2006

The World Bank Issues Bond in Turkish Lira

The World Bank has issued a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via Lehman Brothers International Europe as the lead manager. Read More

October 26, 2005

First World Bank Icelandic Krona Deal

The World Bank launched its very first bond denominated in Icelandic Krona today. Icelandic Krona is the 44th currency in which the World Bank has raised funding for its development activities, since issuing its first USD bond in 1947. Read More

September 21, 2005

World Bank Offers Bonds to Italian Retail Investors

The World Bank today issued an AUD 500 million 10-year bond in the domestic Australian capital market. Joint lead-managers are ABN AMRO Bank and Westpac Institutional Bank. The co-managers are Commonwealth Bank of Australia and RBC Capital Market. Read More

June 9, 2005

World Bank Bond For Italian Investors

The World Bank announces that the syndicate has been formed for its Euro 150 million Italian domestic bonds linked to constant maturity swap rates. This is the World Bank's first Italian domestic issuance since February 1999. The bonds are offered by the joint lead managers Morgan Stanley & Co International Limited and Banca Akros S.p.A. - Gruppo Banca Popolare di Milano. Read More

June 6, 2005

World Bank and ‘La Poste’ Team up to Reach Socially Responsible Investors

The World Bank and La Poste, the French postal system, have teamed up to offer a new investment product for French retail investors. For the first time starting today, individual investors will be able to purchase a La Poste financial product called ‘Toniciel Banque Mondiale,’ making it easier for individuals to help fund, and have direct information on, the World Bank’s programs in developing countries. Read More

La Banque Mondiale et La Poste au Service des Investisseurs Français Socialement Responsables

La Banque mondiale et La Poste, le service postal français, font équipe pour offrir un nouveau produit d’investissement aux épargnants français. Pour la première fois, les particuliers pourront souscrire à un produit financier de La Poste appelé « Toniciel Banque Mondiale » permettant aux particuliers de contribuer au financement de programmes de la Banque mondiale dans les pays en développement en recevant de surcroît une information directe sur les programmes de la Banque mondiale. Read More

April 29, 2005

World Bank to Issue its First Ringgit Islamic Bonds

The International Bank for Reconstruction and Development, commonly known as the World Bank, has priced its RM 760 million (USD 200 million equivalent) Islamic debt securities. This bond issue is the World Bank’s first Islamic debt issue, and is the largest Ringgit issuance by a supranational organization to date. The bonds, structured under the Syariah principle of Bai Bithaman Ajil, will be known as the World Bank Wawasan bonds. Read More

March 16, 2005

The World Bank Issues Bond in Turkish Lira

The World Bank issued 2-year notes denominated in Turkish currency (TRY). The notes will be placed with European retail and institutional investors via Fortis Bank as the lead manager. Co-lead managers were KBC and TD Securities and co-managers were ING, LMF Lugano, Rabo Bank, Royal Bank of Canada and RZB Austria. Read More

February 2, 2005

30-year World Bank Global Bond

The World Bank issued a USD 750 million 30-year global bond today. The bond was the first 30-year global bond issued by the World Bank since 1993. This transaction was joint lead-managed by JP Morgan & Morgan Stanley. Co-Lead Managers were: Citigroup, Deutsche Bank, Goldman Sachs, Nomura, and UBS. Read More

December 23, 2004

World Bank Launches its First Turkish Lira Bond

The World Bank issued 5-year notes denominated in the re-aligned Turkish currency (TRY). The notes were placed with European institutional investors via JP Morgan as the lead manager. Read More

November 10, 2004

World Bank Issues USD S&P 500® Equity Linked Bonds

The World Bank launched USD denominated bonds linked to the performance of the S&P 500® Index. The bonds were placed with US investors, who would like to participate in the upside of the performance of the equity index and want principal protection and a minimum return. Read More

September 9, 2004

World Bank Issues Hungarian Forint Bond for European Retail Investors

The World Bank launched another Hungarian Forint (HUF) bond issue targeted towards European retail investors, via Deutsche Bank as the lead manager. Read More

June 17, 2004

USD 1 billion 5-year World Bank Global Bond

The World Bank issued a liquid USD 1 billion 5-year global bond today. The bond met with very strong demand from investors all over the world. This transaction was joint lead-managed by Citigroup, Daiwa, and Morgan Stanley. Read More

May 24, 2004

The World Bank Launches Innovative Euro 50 Million Target Redemption Note

The World Bank launched a Euro 50 Million target redemption note today. The bond was issued to provide Italian institutional and retail investors with an innovative structure with limited risk. The lead managers were Abaxbank SpA and MedioBanca SpA. Read More

May 18, 2004

New Hungarian Forint Bond due in 2005 Issued by the World Bank

Today, the World Bank launched a Hungarian Forint (HUF) bond issue. Deutsche Bank lead managed the transaction, with Toronto Dominion as Co-Lead Manager and Dexia, Dresdner Kleinwort Wasserstein, DZ Bank AG, ING Bank NV and KBC Bank as Co-Managers. Read More

May 6, 2004

World Bank Launches South African Rand Bond

Today, the World Bank launched a South African Rand (ZAR) bond issue. The ZAR 250 million bonds responded to strong demand from European retail investors for bonds from a high quality issuer denominated in South African Rand. RBC Capital Markets lead managed the transaction, with Deutsche Bank and ING Bank NV as Senior Co-Lead Managers, and Dexia Capital Markets, DZ Bank AG, KBC International Group and Rabobank International as Co-Lead Managers. Read More

March 30, 2004

World Bank Launches its First Colombian Pesos Bond

Today, the World Bank issued its first bond denominated in Colombian pesos. This bond issue is a milestone for the World Bank. Although the institution has issued bonds in other Latin American currencies such as Mexican peso, Chilean peso and Brazilian reals, this Colombian peso transaction is the first placed exclusively in a domestic market in Latin America. Read More

December 8, 2003

The World Bank Issues Hungarian Forint Bond due August 2005

The World Bank launched another Hungarian Forint (HUF) bond. The bond responds primarily to demand from retail investors in Europe, and the total amount is HUF 14 billion. TD Securities lead managed the bonds. Read More

December 1, 2003

The World Bank Increases USD Inflation-Linked Bond

The World Bank increased an inflation-linked bond that was originally launched on November 19, 2003. Over the past few months, demand for bonds with coupons and / or principal linked to inflation has increased. The World Bank has been responding to that demand by issuing targeted, customized inflation-linked bonds denominated in USD and in Euros. Read More

October 31, 2003

The World Bank Launches EUR Inflation-Linked Bond

The World Bank launched a Euro 50 million bond, with a coupon linked to an inflation index after two years. The bond was placed with European investors - mostly Italian investors. The lead manager was Morgan Stanley. Read More

July 2, 2003

World Bank Increases Hungarian Forint Bond due in January 2005

The World Bank re-opened the Hungarian Forint (HUF) bond launched in January of this year to bring the total amount of the bond to HUF 20 billion. This is the second re-opening (after a previous HUF 5 billion increase in February 2003). The issue offers investors an annual interest coupon of 6.25% and matures on January 27, 2005. Settlement date for the new bonds is July 9, 2003. Read More

May 14, 2003

10-Year World Bank US$1 Billion Global Bond

The World Bank launched this morning a new USD1 billion issue of ten-year bullet maturity. The transaction was joint lead-managed by JP Morgan and Citigroup, which combined took 90% of the bonds. Read More

January 9, 2003

World Bank Issues Hungarian Forint Bond

The World Bank launched a Hungarian Forint bond today. TD Securities lead managed the bonds, with Deutsche Bank and Dresdner Kleinwort Wasserstein as co-lead managers. Read More

August 29, 2002

World Bank Issues 1 Billion Norwegian Kroner Bond

The World Bank issued one of the largest public Norwegian Kroner bonds today. The two-year 1 billion Norwegian Kroner issue offers investors an annual interest coupon of 7% and matures on October 25, 2004. Fortis Bank was the lead manager for the bonds. The issue was widely syndicated and very well received by retail investors and fund managers in continental Europe, especially in Belgium, Germany, the Netherlands, and Switzerland. Read More

August 5, 2002

7-year World Bank US$1 Billion Global Notes

The World Bank launched at the opening of business in Asian markets this morning a new US$1 billion issue of seven-year bullet-maturity. The securities were priced around 9am NY time and are being offered to investors worldwide. Read More

June 18, 2002

"Capital Flows, the Global Business Cycle and the Challenge of Poverty Alleviation"

World Bank Vice President and Treasurer Graeme Wheeler speech at the Global Borrowers and Investors Forum in London. Read More

February 27, 2002

Long-Dated World Bank USD Bond Issue

The World Bank issued a 5.125% USD 500 million eurobond, due March 13, 2009 to satisfy strong demand for longer dated securities from Swiss and Benelux retail accounts as well as from Asian institutional investors. Dresdner Bank was the sole lead manager for the transaction. Read More

January 3, 2002

World Bank Bond in Hungarian Forint

The World Bank launched a Hungarian Forint bond today. The 18-month 10 billion Hungarian Forint (HUF) issue offers investors an annual interest coupon of 7.75% and matures on July 18, 2003. Toronto Dominion lead managed the bonds that were widely syndicated throughout Europe, reflecting investor demand. Read More

January 3, 2002

World Bank Launches First Global USD Bond of 2002

The World Bank issued the first USD global bond of the new year. The $3 billion 3-year global bond provides investors with a triple-A rated, liquid and current coupon product. Read More

October 16, 2001

World Bank Issues USD 3 Billion 3-Year Global Bond

The World Bank issued a US$3 billion 3.5% 3-year global bond today. The bonds met with strong demand from investors who are interested in safe, liquid products, and are increasing their exposure to short-dated triple-A products in the prevailing uncertain economic environment. Read More

October 10, 2001

World Bank Launches Norwegian Krone Eurobond

Today, the World Bank launched a Norwegian Krone deal: a NOK 400 million issue with a 6% coupon that is due February 7, 2005. Deutsche Bank was the lead manager of the transaction. The syndicate also included Banque et Caisse d'Epargne de l'Etat, Danske Bank, ING Barings/BBL, and Rabobank. Read More

September 20, 2001

USD 3 Billion 5-year Global Bond Issued by the World Bank

The World Bank priced a $3 billion 5-year global bond today. The transaction was joint lead-managed by Goldman Sachs, JP Morgan Chase, and Salomon Smith Barney. Read More

July 16, 2001

USD 500 Million Reopening of World Bank Bond due April 2006

Today, the World Bank reopened its 5.5% USD eurobond due April 19, 2006 by another USD 500 million, bringing the total outstanding size of the issue to USD 1 billion. The transaction is driven by strong demand from European and Asian institutional investors, as well as from European retail investors seeking triple-A rated bonds offering liquidity. Read More

July 3, 2001

Swiss-Targeted Reopening of World Bank Bond

The USD 1.25 billion 5% USD eurobond of the World Bank, due November 4, 2005, was reopened by USD 250 million to satisfy strong demand from Swiss investors. Read More

June 25, 2001

First Hungarian Forint Bond of the World Bank

Today, the World Bank launched its debut deal in Hungarian Forint. The one-year 10 billion Hungarian Forint (HUF) issue offers investors an annual interest coupon of 9.25% and matures on July 5, 2002. Commerzbank Capital Markets (Eastern Europe) and TD Securities were joint lead managers for the bonds. Read More

May 2, 2001

USD 1 Billion Added to World Bank Benchmark Bond

The World Bank increased the size of its recent 3-year 4.75% USD global bond today by another USD 1 billion, bringing its outstanding size to USD 4 billion. The transaction was driven by the success of the initial USD 3 billion bond launched last week, that has since outperformed against comparable benchmarks. The secondary market performance for this liquid benchmark notes is supported by strong bids for the bonds globally in Asia, North America, and Europe, and from a diverse investor base: central banks, fund managers, commercial banks and others. Read More

April 25, 2001

3-Year World Bank Benchmark Bond

The USD 3 billion 3-year World Bank global bond was priced today. The bond builds on the success of the 5-year global bond launched last month. The new benchmark bond was issued in response to demand for high grade fixed income securities in short-term maturities. Read More

March 29, 2001

World Bank's Global USD Bond Increased to USD 4 Billion

In response to very strong demand from investors for the World Bank's recently issued $3.5 billion 5-year 5% global bonds, the World Bank re-opened the issue and increased it to $4 billion. That makes it equal in size to the largest bond ever issued by the World Bank. Read More

March 23, 2001

World Bank Launches its First Global USD Bond in FY 2001

The World Bank launched a $3 billion 5-year global bond on Wednesday, March 21, which was increased to $3.5 billion on the following day. The transaction met strong demand from investors, who have recently been hit by weakness in global equity and corporate bond markets. Read More

January 24, 2001

World Bank Launches New Polish Zloty Benchmark

Today, the World Bank launched a benchmark Polish Zloty (PLN) global bond - the 10.625% PLN 1 billion due February 8, 2011. Morgan Stanley Dean Witter was the lead manager of the transaction. Read More

January 11, 2001

World Bank to Use New Technology to Speed Transactions

International Bank for Reconstruction and Development, also known as the World Bank, today announced plans to use BLUE FLAG® World Bank, a unique on-line documentation and transaction management system developed and operated by the law firm Linklaters & Alliance. Read More

November 15, 2000

World Bank Launches Japanese-Language Web Site for Bond Investors

The World Bank today launched a new web site for Japanese bond investors. The site address is www.seginsai.org . Since January 2000, the World Bank has been maintaining an English-language web site for its bond investors world-wide. That site has become very popular among investors, recording more than 50,000 hits every month. In order to better cater to the needs of its Japanese bond buyers, the World Bank is now offering a Japanese-language web site. The new site will be operated and maintained by the World Bank's Tokyo Office. Read More

July 14, 2000

"Recent Trends in the Use of the Internet in Fixed Income Markets"

World Bank Vice President and Treasurer Afsaneh M. Beschloss speech at the Euromoney Conference in London, June 22, 2000. Read More

May 31, 2000

World Bank Becomes First Foreign Issuer to Launch Bond in Chilean Pesos

Today the World Bank became the first foreign issuer to launch a bond in Chilean Pesos, thereby offering a new asset class for international investors. This transaction, a Chilean Pesos (CLP) 55 billion 5-year inflation-indexed euronote, is the first inflation-indexed security launched by the World Bank and adds a new dimension to the development of the Chilean capital market, which has experienced a gradual liberalization process since 1998. Read More

February 29, 2000

World Bank Launches Second Electronic Bond

Today the World Bank launched its second full-integrated global electronic bond offering via the internet. This USD 2 billion 2-year offering follows the Bank's ground-breaking first e*bond that was launched on January 19, 2000. Read More

February 14, 2000

World Bank Becomes First Foreign Issuer to Launch in Mexican Pesos

Today the World Bank became the first foreign issuer to launch in Mexican Pesos, thereby opening a new market segment for investors. This transaction, a Mexican Peso (MXN) 1 billion 3-year euronote is also the first bond issue by the World Bank in a Latin American currency. The World Bank's bond issue was lead-managed by Chase Manhattan Ltd. International, New York. Read More

January 25, 2000

The World Bank's First Internet Bond - From Concept to Reality

The World Bank launched the first-ever fully integrated global electronic bond offering via the Internet on Wednesday, January 19, garnering many headlines in the financial press and marking an apt start to the new cyber-millennium. Read More

November 23, 1999

The World Bank has Launched its Third Reopening of its 1-Year 15.5% Polish Zloty Global Note Due November 22, 2000

The World Bank has launched its third reopening of its 1-year 15.5% Polish Zloty Global note due November 22, 2000. This PLN 200 million reopening brings the total outstanding size of the issue to PLN 600 million which is equivalent to about USD 140 million. That makes it the largest Polish Zloty deal ever launched in the international capital markets and the benchmark security in this market segment. It is also the first Polish Zloty debt security of its kind issued in Global bond format. Read More