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%.


Devdiscourse News Desk | Updated: 21-08-2024 07:05 IST | Created: 21-08-2024 07:05 IST
World Bank Mobilizes €2.5 Billion for Sustainable Development
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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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