World Bank prices long-dated €2bn 30-Year Sustainable Development Bond

Crédit Agricole CIB acted as joint lead manager in the World Bank’s €2bn 30-Year Sustainable Development Bond.

The World Bank (IBRD, Aaa/AAA) priced a 30-year euro-denominated benchmark sustainable development bond maturing in January 2051 on 27 October 2020, raising EUR 2 billion from institutional investors around the globe to support the financing of its sustainable development activities.

Crédit Agricole CIB, Goldman Sachs International, and Morgan Stanley are the lead managers for the transaction.

Eric Busnel“The World Bank has really hit the sweet spot of the market at the perfect time with this transaction, combining fine pricing with an orderbook of exceptional quality. The momentum in the EUR primary market has been very strong over the last few days and with increasing appetite for duration and a good window of issuance ahead of the European Central Bank meeting and further supply to come, the issuer has managed to align all the stars and offer a rare treat to investors, another testimony of the unique attraction of the World Bank name in the market.” 

Eric Busnel, Deputy Global Head of Sovereign, Supranational and Agencies (SSA) Debt Capital Markets (DCM)

 

The bonds were placed mostly with investors in Germany and France, with about one third placed with investors in other European countries and the rest of the world. By investor type, the distribution was 85% with asset managers, insurance companies and pension funds, 10% with banks, bank treasuries and corporates, and 5% with central banks and official institutions

View the press release here.