WASHINGTON, D.C. September 9, 2020 —The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) issued a EUR 200 million 30-year fixed rate callable Sustainable Development Bond due September 2050 as it continues to engage with investors on the Sustainable Development Goals (SDGs) that address water, sanitation and marine protection. JP Morgan acted as the sole manager of the transaction.
World Bank bonds support the financing of sustainable development projects and programs across a range of critical development sectors in member countries. This includes projects that promote sustainable water and sanitation solutions that ensure no one is left behind by helping countries strengthen capacity and institutions, service delivery, and water resources management. The World Bank is also working with countries to promote strong governance of marine and coastal resources to support sustainable fisheries and aquaculture, make coastlines more resilient, establish coastal and marine protected areas, and those which improve solid waste management to reduce pollution in waterways and oceans.
“Through World Bank bonds, investors have an opportunity to engage on the purpose of their investment and the SDGs. We are happy to see continued interest in water conservation and the sustainable use of our oceans and waterways,” said Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank.
“Intimately linked to the sea, it is natural that the Macif Group decided to once again support the World Bank's initiative to raise awareness for access to clean water and the health of our oceans,” commented the Macif Group.
The World Bank issues between US$55-US$65 billion in the global capital markets every year and proceeds of all its bonds support the financing of development programs that are aligned with the Sustainable Development Goals. World Bank Sustainable Development Bonds are consistent with the Sustainability Bond Guidelines published by the International Capital Market Association.
About the World Bank
The World Bank is an international organization created in 1944. 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 Group has two main goals: to end extreme poverty and promote shared prosperity. The World Bank (IBRD) 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. The World Bank has been issuing bonds in the international capital markets for over 70 years to fund its sustainable development activities and achieve a positive impact. Information on bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.
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". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries. World Bank securities may not be offered or sold except in compliance with all such laws.
The net proceeds from the sale of World Bank securities are used to finance sustainable development projects and programs in World Bank’s member countries without being committed or earmarked for lending to, or financing of, any particular projects or programs. Returns on World Bank securities are not linked to the performance of any particular project or program.
Heike Reichelt, The World Bank