Washington, DC, July 24, 2017 – The World Bank (International Bank for Reconstruction and Development or “IBRD”, rated Aaa/AAA) today announced the issuance of two new fixed-rate ten-year Sustainable Development Bonds denominated in Canadian Dollar (CAD) and Polish Zloty (PLN). These bonds provide an opportunity for retail investors to connect their financial objectives with social and environmental sustainability goals.
From July 24, 2017 both bonds will be listed on EuroMOT of Borsa Italiana, the Italian Stock Exchange.
The CAD-denominated Sustainable Development Bond pays a yearly coupon of 1.50%. At maturity in July 2027, investors are entitled to the repayment of 100% of their original capital investment in CAD by the World Bank.
The PLN-denominated Sustainable Development Bond pays a yearly coupon of 2.25%. At maturity in July 2027, investors are entitled to the repayment of 100% of their original capital investment in PLN by the World Bank.
The World Bank raises funds in the international capital markets to support the financing of sustainable development projects in borrowing member countries. These projects focus on poverty reduction and inclusive growth across a range of sectors including education, healthcare, agriculture, food security, and essential infrastructure. World Bank Sustainable Development Bonds provide investors with an opportunity to support member countries in achieving their development goals.
For these bonds, the World Bank partnered with BNP Paribas who is acting as Dealer and Liquidity Provider.
Summary of terms | ||
Issuer: | World Bank (International Bank for Reconstruction and Development, IBRD) | |
Issuer rating: | Aaa /AAA | |
Maturity: | 10 years | |
Offer period: | From 10 July 2017 to 14 July 2017 (both dates included) | |
Maturity date: | July 24th, 2027 | |
Issuance date: | July 24th, 2017 | |
Amount: | CAD 10,000,000 | PLN 13,000,000 |
Coupon: | 1.50% p.a. (CAD) | 2.25% p.a. (PLN) |
Offer price (minimum purchase amount): | CAD 2,000 | PLN 10,000 |
Listing: | EuroMOT of Borsa Italiana | |
Clearing systems: | Euroclear, Clearstream | |
ISIN: | XS1639852505 (CAD) | XS1639838694 (PLN) |
Dealer: | BNP Paribas | |
About the World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for 70 years to fund its activities that achieve a positive impact.
Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.
For more information about World Bank Sustainable Development Bonds, see: http://treasury.worldbank.org/sustainableinvesting.
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
