World Bank in the news

• 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

• World Bank GBP1.25bn 0.25% Sep 27 sustainable development bond

  • 17 Sep 2020

• World Bank prints biggest non-UK sterling SSA bond since April

  World Bank gave a big boost to the flagging volumes in the sterling public sector bond market this week with the biggest deal in the currency from a supranational or agency borrower in five months.

  • 17 Sep 2020

• World Bank prints record breaking rare Kauri

  The World Bank raised NZ$550m ($369.9m) with a rare seven-year New Zealand dollar bond, breaking the record for the largest Kauri bond at that maturity or longer.

  • 15 Sep 2020

• World Bank readies rare seven year Kauri

  The World Bank hit screens on Monday with a new seven year New Zealand dollar bond; the first at that tenor from a foreign issuer in almost 18 months.

  • 14 Sep 2020

• New Development Bank readies second dollar bond

  The New Development Bank has appointed the syndicate to lead its second dollar benchmark, the proceeds of which will fund its coronavirus response.

  • 11 Sep 2020

• World Bank EUR1.5bn 0.1% Sep 35 sustainable development bond

  • 10 Sep 2020

• World Bank takes size as Hamburg lands safely after stumbling start

  Two public sector borrowers managed to get euro deals done in the primary market ahead of the European Central Bank’s governing council meeting on Thursday, with World Bank issuing its biggest ever bond in euros longer than 10 years and Hamburg comfortably crossing the line despite an embarrassing start to the execution process.

  • 10 Sep 2020

• World Bank readies 15 year SDB

  The World Bank has selected a trio of banks for a new 15 year Sustainable Development Bond (SDB), its first euro benchmark of its 2020/21 fiscal year. Elsewhere, the Republic of Korea scooped €700m with its return to the euro market after a six year absence.

  • 09 Sep 2020

• World Bank taps into tricky US base with long Sofr

  SSA borrowers, and supranationals in particular, have long aspired to break into the vast pool of domestic US investors. Thanks to a long-dated floater linked to Sofr, the World Bank has found a new means of accessing these investors.

  • 27 Aug 2020

• World Bank USD3bn 0.75% Aug 30 sustainable development bond

  • 20 Aug 2020

• IFC jumps on 10 year dollar bandwagon

  The International Finance Corporation has mandated banks to lead a 10 year dollar bond in what will be the fourth public sector borrower to sell a bond in this part of the curve this week.

  • 19 Aug 2020

• SSAs rush into 10 year dollars as US Treasury curve steepens

  KfW opened up a window for 10 year dollar bonds in the public sector market on Tuesday amid a rise in long-dated US Treasury yields with two more borrowers hoping to find similar success in the tenor on Wednesday.

  • 18 Aug 2020

• DSSI extension looms amid private sector absence

  Expectations are building that the G20 Debt Service Suspension Initiative (DSSI), introduced to alleviate the debt burden of the world’s poorest countries in the face of the coronavirus shock, will be extended this winter.

  • 04 Aug 2020

• SSA secondary pricing update: KfW and World Bank trade 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, July 27. The source for secondary trading levels is ICE Data Services.

  • 28 Jul 2020

• World Bank USD5bn 0.375% Jul 25 sustainable development bond

  • 23 Jul 2020

• World Bank returns to pre-Covid-19 pricing

  The World Bank impressed with its first benchmark transaction of its new fiscal year this week as it received solid demand despite pricing tightly to match the spread it paid for a five year deal before the outbreak of the coronavirus pandemic.

  • 23 Jul 2020