World Bank Mobilizes €2.5 Billion for Sustainable Development
The World Bank has issued a €2.5 billion 7-year euro-denominated bond maturing in August 2031. The bond attracted over 75 orders totaling nearly €4 billion from European and global investors. It is priced with a final spread of +16 basis points to euro mid-swaps and an annual yield of 2.604%.
![World Bank Mobilizes €2.5 Billion for Sustainable Development](https://devdiscourse.blob.core.windows.net/aiimagegallery/02_08_2024_13_17_46_0882137.png)
The World Bank has successfully mobilized €2.5 billion for sustainable development by issuing a 7-year euro-denominated bond set to mature in August 2031.
The transaction drew significant interest, attracting over 75 orders that totaled almost €4 billion from a diverse pool of European and global investors.
Priced with a final spread of +16 basis points to euro mid-swaps, the bond offers an equivalent annual yield of 2.604% and will be listed on the Luxembourg Stock Exchange.
(With inputs from agencies.)
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