La presente informativa è resa, anche ai sensi dell’art. 13 del D. Lgs. 196/2003 “Codice in materia di protezione dei dati personali” (“Codice Privacy”) 
e degli artt. 13 e 14 del Regolamento (UE) 2016/679 (“GDPR”), a coloro che si collegano alla presente edizione online del giornale Tribuna Economica di proprietà di AFC Editore Soc. Coop. 

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The World Bank (IBRD, Aaa/AAA) priced a 30-year euro-denominated benchmark bond maturing in January 2051, raising EUR 2 billion from institutional investors around the globe to support the financing of its sustainable development activities. Credit Agricole CIB, Goldman Sachs International, and Morgan Stanley are the lead managers

for the transaction. The bond will be listed on the Luxemburg Stock Exchange.

The EUR 2 billion bond was oversubscribed, with an orderbook reaching over EUR 4 billion from more than 120 orders. The bond offers investors an issue price of 98.241% and a coupon of 0.125% per annum, equivalent to an annual yield of 0.185%. This equates to a spread versus the reference Bund of +36.7 basis points.

Investor Distribution.   The bonds were placed mostly with investors in Germany and France, with about one third placed with investors in other European countries and the rest of the world. By investor type, the distribution was 85% with asset managers, insurance companies and pension funds, 10% with banks, bank treasuries and corporates, and 5% with central banks and official institutions.

With annual issuances on average between US$55-US$65 billion, World Bank bonds support the financing of programs that further the Sustainable Development Goals. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association. The World Bank is also a member of the Executive Committee of the Green Bond and Social Bond Principles. A key priority for the World Bank’s capital markets’ engagement is building strategic partnerships with investors to promote the importance of private sector financing in sustainable development.