WASHINGTON, D.C, September 9, 2021 — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today issued a EUR 200 million, 30-year callable bond due September 2051. This Sustainable Development Bond is the latest example of the World Bank’s engagement with investors on the Sustainable Development Goals (SDGs). Through this engagement, the World Bank and Macif (Aéma Group), are raising awareness for SDG 6, Clean Water and Sanitation, and SDG 14, Life Below Water.
Macif (Aéma Group) was the sole investor in the bond. Merrill Lynch International was the underwriter of the transaction.
“Intimately linked to the sea, it is natural that Macif (Aéma Group) decided to once again support the World Bank's initiative to raise awareness for the access of clean water and the health of our oceans,” said Sabine Castellan Poquet, Chief Investment Officer, Aéma group/Macif.
“We are pleased to once again join Macif in highlighting the critical need to protect water and ocean resources and thank them for their investment in our bonds to support the World Bank’s sustainable development activities,” said Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury.
The COVID-19 pandemic poses additional threats to water and oceans as difficult short-term choices between health and the environment result in an increased use of single-use plastics and increased production of medical waste, which can end up in the Earth’s oceans. The World Bank, as the largest multilateral funder for ocean and water projects in developing countries, is committed to ensuring access to safe and clean water and the sustainable use of ocean and marine resources. The World Bank’s overall oceans program includes projects that range from implementing large regional fisheries programs, to tackling all sources of marine pollution, protecting critical marine habitats and supporting coastal development around the globe. The World Bank champions the Blue Economy agenda more generally, finding solutions and providing the analytical work needed for governments to create an enabling environment for the sustainable development of coastal, marine economies. This includes through support from PROBLUE, a multi-donor trust fund housed at the World Bank.
Transaction Summary
Issuer: | International Bank for Reconstruction and Development, IBRD |
Issuer rating: | Aaa/AAA (Moody's / S&P) |
Maturity | 30-year |
Amount: | EUR 200 million |
Settlement date: | 9 September 2021 |
Coupon: | 1.1601% per annum |
Coupon payment dates: | 9 September annually from and including 9 September 2022 up to and including the Maturity Date |
Maturity Date: | 9 September 2051, subject to early redemption |
Issue price: | 100.00% |
Listing: | Luxembourg Stock Exchange |
ISIN: | XS2384460585 |
Clearing system: | Euroclear/Clearstream |
Lead manager: | Merrill Lynch International |
About the World Bank
World Bank bonds support the financing of programs that further the SDGs. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association and as such support the financing of a combination of green and social, i.e., “sustainable development” projects, programs and activities in IBRD member countries as described in the World Bank Sustainable Development Bond Framework. The World Bank is also a member of the Executive Committee of the Green Bond, Social Bond, and Sustainability 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. The World Bank’s Sustainable Development Bond Impact Report describes how the World Bank engages with investors on the SDGs and raises awareness for specific development challenges.
Disclaimers
Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs, and returns on the bonds 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
