WASHINGTON, D.C., January 29, 2021 — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today issued a SEK green bond due January 2029, raising SEK 2 billion.
Swedish investors made up the majority of investors in the transaction with pension funds, insurance funds and asset managers accounting for 84% of participation. Banks picked up the remaining share. The bond offers an annual coupon of 0.250% and a yield of 0.313%.
Skandinaviska Enskilda Banken (SEB) was the sole lead manager for this transaction.
The World Bank has issued over 160 green bonds in 22 currencies, totaling nearly USD 15 billion equivalent since its inaugural issue in 2008. World Bank Green Bonds support the financing of projects in member countries that meet specific criteria for low carbon and climate resilient growth, seeking to mitigate climate change or help affected people adapt to it. The types of eligible projects include renewable energy installations, energy efficiency projects, and new technologies in waste management and agriculture that reduce greenhouse gas emissions and help finance the transition to a low carbon economy. They also support the financing of forest and watershed management and infrastructure projects that prevent climate-related flood damage and build climate resilience.
Transaction Summary
Issuer: | World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: | Aaa /AAA (Moody's/S&P) |
Amount: | SEK 2 billion |
Settlement date: | January 29, 2021 |
Maturity date: | January 29, 2029 |
Issue price: | 99.503% |
Issue yield: | 0.313% |
Denomination: | SEK 10,000 |
Coupon: | 0.250% per annum |
Listing: | Luxembourg Stock Exchange |
ISIN: | XS2293578592 |
Clearing system: | Euroclear/Clearstream |
Lead manager: | Skandinaviska Enskilda Banken AB (publ) |
For more information on World Bank Green Bonds and impact reporting:
https://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-green-bonds
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, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to support the Sustainable Development Goals and to end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. More information on World Bank bonds is available at www.worldbank.org/debtsecurities.
World Bank bonds support the financing of programs that further the Sustainable Development Goals. World Bank Green Bonds are aligned with the Green Bond Principles published by the International Capital Market Association (ICMA). The World Bank is also a member of the Executive Committee of the Green Bond, Social Bond, and Sustainability-Linked Bond Principles. A key priority for the World Bank’s capital markets’ engagement is building strategic partnerships with investors to promote the importance of private sector financing in sustainable development.
Disclaimers
Net proceeds of the securities described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs, and returns on the securities described herein are not linked to the performance of any particular project or program.
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.
Contact
Heike Reichelt
Head of Investor Relations and Sustainable Finance
World Bank Treasury
debtsecurities@worldbank.org
