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In Milestone for SOFR Market World Bank Prices Longest Floating Rate Benchmark

2 mins read

The FINANCIAL -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a new USD 600 million 10-year benchmark bond linked to the Secured Overnight Financing Rate (SOFR) index. This 10-year benchmark adds investors and liquidity to the SOFR market, and marks a milestone in the development of robust alternatives to US dollar London Inter-Bank Offered Rate (LIBOR).…

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In Milestone for SOFR Market World Bank Prices Longest Floating Rate Benchmark

2 mins read

The FINANCIAL -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a new USD 600 million 10-year benchmark bond linked to the Secured Overnight Financing Rate (SOFR) index. This 10-year benchmark adds investors and liquidity to the SOFR market, and marks a milestone in the development of robust alternatives to US dollar…

Germany contributes €10 Million to WB Trust Fund for Disease Preparedness in Developing Countries

1 min read

The FINANCIAL — According to World Bank, Germany is contributing 10 million euros (about US$12.1 million) to the Health Emergency Preparedness and Response Trust Fund Program (HEPR Program), established last year to help developing countries respond to the health consequences of COVID-19 and increase investments in health preparedness and emergency response.…

World Bank prices long-dated Australian Dollar Bonds Totaling AUD 1.65 bln

1 min read

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a long-dated 5-year AUD 1.1 billion and a 10-year AUD 550 million Sustainable Development Bond representing IBRD’s largest-ever AUD issuance and the largest for the Sovereigns, Supranationals, and Agencies (SSA) issuer segment in the Kangaroo market in a single outing.…

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…

World Bank prices $6 bln 5-year Sustainable Development Bond

2 mins read

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a global benchmark USD 6 billion Sustainable Development Bond maturing on October 28, 2025.           Very strong demand from global investors for the USD benchmark led to an orderbook of over USD 9 billion, with nearly 180 investor orders, anchored by…

World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

3 mins read

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of combatting food loss and waste. These challenges are outlined by Sustainable Development Goal…