World Bank unveils sustainable development bond worth $5bn

The organisation suggests ‘extremely strong demand’ saw more than 100 orders placed with global investors

The World Bank has unveiled a $5 billion (£4bn) sustainable development bond.

The organisation suggests “extremely strong demand” saw more than 100 orders placed with global investors, leading to an order book of more than $6 billion (£4.7bn).

These investors include bank treasuries, asset managers and pension and insurance funds.

Jingdong Hua, World Bank Vice President and Treasurer said: “This US dollar benchmark is a terrific start to our fiscal year. In this challenging period, investors from around the globe continue to value the World Bank’s safety, liquidity and purpose to finance sustainable development in its member countries. We are grateful for the support of market participants and look forward to working together in the year ahead.”

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast

Latest Podcast