World Bank in the news

• World Bank EUR2bn 0.2% Jan 61

  • 14 Jan 2021

• 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.

  • 13 Jan 2021

• 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.

  • 12 Jan 2021

• 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.

  • 08 Jan 2021

• 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.

  • 17 Dec 2020

• 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.

  • 19 Nov 2020

• World Bank USD3bn 0.25% Nov 23 sustainable development bond, World Bank USD5bn 0.75% Nov 27 sustainable development bond

  • 19 Nov 2020

• 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.

  • 19 Nov 2020

• 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.

  • 17 Nov 2020

• 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.

  • 16 Nov 2020

• ‘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.

  • 12 Nov 2020

• 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.

  • 12 Nov 2020

• 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.

  • 09 Nov 2020

• 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.

  • 30 Oct 2020

• 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.

  • 27 Oct 2020

• 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.

  • 27 Oct 2020

• World Bank USD6bn 0.5% Oct 20 sustainable development bond

  • 22 Oct 2020

• 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.

  • 22 Oct 2020

• 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.

  • 25 Sep 2020

• 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).

  • 18 Sep 2020