World Bank in the news
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World Bank EUR2bn 0.2% Jan 61
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World Bank smashes 40 year euro debut amid red hot long end
World Bank extended its euro benchmark curve with flying colours on Wednesday, in a further sign of ample demand for duration amid a low yielding environment.
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World Bank to extend euro benchmark curve to 40 years in euro long end fever
World Bank hired banks on Tuesday to lead a new 40 year euro sustainable development bond — the supranational’ s longest ever benchmark in the currency. The deal will be the latest example of public sector borrowers venturing longer in the euro market this year.
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SSAs kick off 2021 MTN market
MTN issuance out of Asia and Sweden provided some of the week’s bright spots in what was otherwise a quiet start to the year. With the public market now in full swing, bankers expect the private placement market to get up to speed in the coming weeks.
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Bigger, longer, faster… SSAs rise to the challenge
Public sector borrowing has been the backbone of the global economy’s response to the unprecedented economic and humanitarian disaster of Covid-19. Sovereigns, supranationals, agencies and regions rose to the new challenge, displaying more ingenuity and ambition than ever in their selection of market, format, currency and tenor and producing some truly spectacular deals. Borrowers throughout the SSA class had to adjust their funding programmes after the first quarter — many to double or even treble their requirements. Contending with inflated funding needs, as well as a market beset by severe dislocations, required unusual flexibility and creativity. Amid all that, SSA borrowers managed not simply to raise the sums required, but to push forward market attitudes to SRI debt and to new risk-free-rates products.
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World Bank scoops close to $10bn in bumper week
World Bank double-dipped this week, hitting the sterling market on Monday and the dollar market on Tuesday, focusing its efforts longer in the curve to increase the duration of its portfolio.
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World Bank USD3bn 0.25% Nov 23 sustainable development bond, World Bank USD5bn 0.75% Nov 27 sustainable development bond
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ADB makes Pakistani rupee debut
The Asian Development Bank made its first foray into the Pakistani rupee market this week, tapping a growing appetite for frontier currency-linked paper.
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Italy returns to dollars as World Bank takes $8bn with dual tranche
Dollars was the flavour of the day for public sector borrowers on Tuesday as three issuers headed to the currency, raising a combined $12bn. Two more SSAs will follow with dollar deals on Wednesday.
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World Bank, BNG to make pincer movement on dollar market
A pair of SSA issuers are targeting two separate sectors of the dollar market on Tuesday.
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‘The US is back’: hopes of Biden multilateral boost grow
A Joe Biden White House offers an opportunity for international and regional multilateral financial institutions to lobby for extra financing to deliver essential assistance to countries hit by Covid-19, according to experts.
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World Bank seizes ‘perfect opportunity’ for monster Kangaroo bond
World Bank gave the flagging volumes in the SSA Kangaroo bond market a huge boost this week by printing the biggest ever bond in the sector in a single outing with a combined A$1.65bn ($1.19bn) deal across two tranches.
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World Bank goes for Aussie dollar dual tranche
World Bank announced a dual tranche in Australian dollars on Monday — its first syndication in the currency in 2020.
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DMOs turn to ESG, the Dutch turn to market finance
This week in Keeping Tabs: the role of debt management offices in green policy, and an update on EU countries' use of capital markets.
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World Bank erases memories of 2019 with strong 30 year euro return
World Bank took size with its second ever euro 30 year benchmark on Tuesday, achieving a far more impressive outcome than its debut deal in that part of the curve last year.
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SSA secondary pricing update: EU's SURE debut screeches tighter
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 26. The source for secondary trading levels is ICE Data Services.
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World Bank USD6bn 0.5% Oct 20 sustainable development bond
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World Bank seizes ‘perfect’ timing for $6bn jumbo deal
The World Bank sold its second supersized bond of 2020 as it capitalised on a calm market and a lack of competing supply in dollars this week, as well as leaning on the strength of its name, which continues to attract new investors looking to make an impact investment.
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New fund aims to leverage €4bn to close cities’ climate finance gap
A €100m fund launched this week aims to leverage as much as €4bn from private investors and other sources to close a financing gap cities face in implementing infrastructure projects to tackle climate change.
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World Bank prints record seven year Maple
The World Bank visited the Maple market on Thursday to print the largest ever seven year Canadian dollar bond from a non-domestic issuer, raising C$750m ($569.8m) with a new sustainable development bond (SDB).
Sources: World Bank, Dealogic
Credit rating | Aaa/AAA/AAA |
Basel II risk weighting |
0% |
Headquarters |
1818 H Street, NW, Washington, DC 20433 USA |
See Funding scorecard: supranationals for World Bank's funding progress this year.
Dealer League Table World Bank
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Wells Fargo Securities | 1.17 | 1 | 16.63% |
1 | RBC Capital Markets | 1.17 | 1 | 16.63% |
1 | BMO Capital Markets | 1.17 | 1 | 16.63% |
4 | Natixis | 0.61 | 1 | 8.64% |
4 | HSBC | 0.61 | 1 | 8.64% |
Key |
Jingdong Hua: treasurer George Richardson: director, capital markets Michael Bennett: head of derivatives and structured finance Heike Reichelt: head of investor relations and new products |
Ownership structure |
The World Bank (International Bank for Reconstruction and Development, or IBRD) is an international organization created in 1944 and owned by its member countries. The five largest of its 187 shareholders are: US (with 17.58% of the total voting power); Japan (7.58%); China (4.88%); Germany (4.42%); France (4.14%); UK (4.14%). |
Capital (end June 30, 2019) |
Paid-in capital $17.1bn Callable capital $262.9bn Subscribed capital $280.0bn |
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Bank Profiles
Latest news by market and league table performance
European Sovereign Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | SG Corporate & Investment Banking | 4.88 | 3 | 16.63% |
2 | HSBC | 3.99 | 3 | 13.59% |
3 | JPMorgan | 3.00 | 3 | 10.22% |
4 | Citi | 2.89 | 2 | 9.85% |
5 | Barclays | 2.33 | 2 | 7.92% |
Dollar Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 7.41 | 12 | 15.37% |
2 | Deutsche Bank | 4.69 | 6 | 9.73% |
3 | JPMorgan | 4.60 | 9 | 9.55% |
4 | BMO Capital Markets | 3.83 | 3 | 7.95% |
5 | BofA Securities | 3.72 | 5 | 7.73% |
Bookrunners of Euro Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 8.94 | 15 | 10.68% |
2 | HSBC | 8.30 | 9 | 9.91% |
3 | SG Corporate & Investment Banking | 7.46 | 7 | 8.91% |
4 | UniCredit | 7.12 | 11 | 8.50% |
5 | Citi | 6.84 | 7 | 8.17% |
Bookrunners of Global SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 14.79 | 19 | 9.78% |
2 | JPMorgan | 14.45 | 40 | 9.56% |
3 | HSBC | 12.32 | 18 | 8.15% |
4 | Deutsche Bank | 10.51 | 17 | 6.96% |
5 | SG Corporate & Investment Banking | 9.06 | 9 | 6.00% |