World Bank Issues SEK 3 Billion 10-year Sustainable Development Bond

By India Education Diary Bureau Admin On Oct 13, 2024

WASHINGTON – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today issued a Swedish krona-denominated 10-year benchmark bond that raised SEK 3 billion. The bond matures on October 10, 2034.

Nordea Bank Abp acted as lead manager of the transaction. The bond was placed with Nordic investors. The bond offers an annual coupon of 2.5% and was priced at 98.422%.

Transaction Summary

Issuer:	World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating:	Aaa/AAA
Amount:	SEK 3,000,000,000
Settlement date:	October 10, 2024
Maturity date:	October 10, 2034
Issue price:	98.422%
Issue yield:	2.682% annual
Coupon:	2.5% p.a., payable annually
Denomination:	SEK 10,000
Listing:	Luxembourg Stock Exchange
Clearing system:	Euroclear / Clearstream
Lead manager:	Nordea Bank Abp
ISIN:	XS2916988913