World Bank
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Products offering investors the chance to protect their returns from rising rates are making a comeback in the MTN world after years of dormancy thanks to the interest rate environment. -
Southern Gas Corridor, the 3,500km pipeline system costing $45bn that will run through Azerbaijan, Georgia, Turkey, Greece, Bulgaria, Albania and Italy, has signed a syndicated loan with guarantees totalling $750m-equivalent, as it begins its first commercial deliveries to Turkey.
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The Netherlands Development Finance Company (FMO) has added another product to its local currency offering after selling its first ever note linked to the Tanzanian shilling. The deal came in the same week that World Bank debuted in Peruvian soles.
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The movement to create free investment benchmarks to support the Sustainable Development Goals is gathering pace, with the launch this week of a major survey of corporate human rights performance.
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The World Bank has printed its first sterling floating rate note in almost six years, raising a whopping £750m with the deal.
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The World Bank has brought in another capital markets official, making it two hires for the supranational over the last few weeks.
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The World Bank has launched a fund intended to harness disruptive technologies to promote development in the developing world.
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Some supranationals want to see their efforts to print green bonds rewarded with tighter pricing, hoping to set a precedent that will spread through the market. But some worry that setting the pricing bar higher for green bonds than vanilla as a matter of course could deter investors. Lewis McLellan reports.
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The World Bank has grown its funding team with the hiring of a well-known figure from the MTN dealer community — and will add another name soon.
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A pair of supranationals helped bolster Hong Kong’s green bond ambitions with some SRI deals this week.
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The World Bank has raised HK$1bn ($127.39m) from its debut green bond denominated in Hong Kong dollars, making it the first supranational issuer to sell a syndicated green bond in the city.
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Two supranational borrowers used niche currency private placements this week to raise cash for their green projects.
