World Bank Issues SEK 5 Billion 7-Year Sustainable Development Bond

WASHINGTON  – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 7-year Sustainable Development Bond that raised SEK 5 billion.

The bond matures on March 2, 2029. Nordea Bank Abp acted as lead manager of the transaction.

The bond was placed entirely with Swedish pension funds and insurance companies including Alecta, Länsförsäkringar Liv, and others. The bond offers an annual coupon of 1.250% and was priced at 99.618%.

Transaction Summary

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: SEK 5,000,000,000
Settlement date: March 2, 2022
Maturity date: March 2, 2029
Issue price: 99.618%
Coupon: 1.250% per annum
Coupon payment dates: Annually on 2 March each year until Maturity date, commencing on 2 March 2023
Clearing systems: Euroclear/Clearstream
Denomination: SEK 10,000
Listing: Luxembourg Stock Exchange
Lead manager: Nordea Bank Abp
ISIN: XS2448411558

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