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World Bank prices €2 bln 30-year sustainable development bond

2 mins read

The FINANCIAL — The World Bank (IBRD, Aaa/AAA) priced today a 30-year euro-denominated benchmark bond maturing in January 2051, raising EUR 2 billion from institutional investors around the globe to support the financing of its sustainable development activities. Credit Agricole CIB, Goldman Sachs International, and Morgan Stanley are the lead managers for the transaction. The bond will be listed on the Luxemburg Stock Exchange. The EUR 2 billion bond was oversubscribed, with an orderbook reaching over EUR 4 billion from more than 120 orders. The bond offers investors an issue price of 98.241% and a coupon of 0.125% per annum,…

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World Bank prices €2 bln 30-year sustainable development bond

2 mins read

The FINANCIAL — The World Bank (IBRD, Aaa/AAA) priced today a 30-year euro-denominated benchmark bond maturing in January 2051, raising EUR 2 billion from institutional investors around the globe to support the financing of its sustainable development activities. Credit Agricole CIB, Goldman Sachs International, and Morgan Stanley are the lead managers for the transaction. The…