The World Bank has issued a Swedish krona-denominated bond, raising SEK 3 billion. The bond, which matures on October 10, 2034, was placed with Nordic investors and offers an annual coupon of 2.5%. Nordea Bank Abp acted as the lead manager for this transaction.
The World Bank's bond is listed on the Luxembourg Stock Exchange and is cleared through Euroclear and Clearstream systems. The issue price was set at 98.422%, yielding an annual return of 2.682%.
According to the World Bank, "World Bank bonds support the financing of programs that further the Sustainable Development Goals (SDGs)." These bonds align with the Sustainability Bond Guidelines by the International Capital Market Association (ICMA) and finance both green and social projects in IBRD member countries.
The World Bank has been active in issuing sustainable development bonds for over 70 years to support various global initiatives aimed at ending extreme poverty and promoting shared prosperity. It aims to engage with investors to promote private sector financing in sustainable development.
"This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development ('IBRD'), also known in the capital markets as 'World Bank,'" clarified the institution. Any offering will be based solely on relevant documentation prepared by or on behalf of the World Bank.
For further inquiries, contact Investor Relations and Sustainable Finance at World Bank Treasury via debtsecurities@worldbank.org.