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%.
|Issuer:||World Bank (International Bank for Reconstruction and Development, IBRD)|
|Settlement date:||March 2, 2022|
|Maturity date:||March 2, 2029|
|Coupon:||1.250% per annum|
|Coupon payment dates:||Annually on 2 March each year until Maturity date, commencing on 2 March 2023|
|Listing:||Luxembourg Stock Exchange|
|Lead manager:||Nordea Bank Abp|